Nomura Issues Buy Rating on Havells India with Target Price of ₹1,798
Nomura Securities has assigned a Buy rating to Havells India Limited with a target price of ₹1,798 per share. This positive analyst recommendation reflects confidence in the electrical equipment manufacturer's prospects and suggests potential upside for investors based on Nomura's fundamental analysis.
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Nomura Securities has issued a Buy rating for Havells India Limited, setting a target price of ₹1,798 per share. This analyst recommendation indicates positive sentiment from the global investment bank towards the electrical equipment and consumer goods manufacturer.
Analyst Recommendation Details
The following table summarizes Nomura's recommendation:
| Parameter: | Details |
|---|---|
| Rating: | Buy |
| Target Price: | ₹1,798 |
| Brokerage: | Nomura Securities |
Investment Outlook
Nomura's Buy rating suggests the brokerage firm expects Havells India to deliver positive returns for investors. The target price of ₹1,798 indicates the analyst's assessment of the stock's fair value based on their evaluation of the company's fundamentals and market position.
The recommendation from Nomura, a prominent global investment bank, adds to the analyst coverage of Havells India and provides investors with professional insights into the stock's potential performance. Such ratings typically consider various factors including the company's financial health, market dynamics, and growth prospects in forming their investment recommendations.
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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