Motilal Oswal downgraded FMEG firm Havells India to neutral from buy due to expensive valuations, but still sees a 7% upside to ₹1,780 post Q4FY24 results. Stock surged 41% from 52-week low, showing volatility in 2024 with positive returns in 2 of 4 months.
Havells India s net consolidated total income stood at Rs 4,469.75 crore, a growth of 7.26 per cent from Rs 4,167.21 crore it recorded in the similar quarter last year.
Havells India s net consolidated total income stood at Rs 3,952.81 crore, a growth of 6.17 per cent from Rs 3,723.26 crore it recorded in the similar quarter last year.