Goldman Sachs Raises Havells India Target Price to ₹1,880, Maintains Buy Rating
Goldman Sachs has maintained its Buy rating on Havells India while raising the target price to ₹1,880.00 from ₹1,730.00. The ₹150.00 upward revision demonstrates the investment bank's increased confidence in the electrical equipment manufacturer's prospects and business fundamentals.
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Goldman Sachs has reaffirmed its positive stance on Havells India, maintaining its Buy rating while raising the target price significantly. The global investment bank has increased its target price to ₹1,880.00 from the earlier target of ₹1,730.00, marking a substantial upward revision.
Target Price Revision Details
The brokerage firm's decision to raise the target price represents a notable increase in valuation expectations for the electrical equipment manufacturer. The revision details are outlined below:
| Parameter: | Details |
|---|---|
| Previous Target Price: | ₹1,730.00 |
| Revised Target Price: | ₹1,880.00 |
| Price Increase: | ₹150.00 |
| Rating: | Buy (Maintained) |
Investment Recommendation
Goldman Sachs' decision to maintain the Buy rating alongside the target price increase demonstrates continued confidence in Havells India's business model and market position. The investment bank's recommendation suggests positive expectations for the company's performance in the electrical equipment and consumer appliances sector.
The target price revision of ₹150.00 per share indicates Goldman Sachs' assessment of improved value potential in the stock. This upward adjustment reflects the brokerage's analysis of the company's fundamentals and market opportunities in the electrical equipment manufacturing space.
Historical Stock Returns for Havells
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.97% | -7.18% | -4.98% | -11.34% | -15.91% | +32.09% |
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