Havells India Share price: Buy rating on Havells India with price target of Rs 1190 - know key risks
Jefferies hosted Havells India in India Housing Summit. Business operations are resuming, though with some caution. Havells India strategy is to deepen product reach, with focus on B2C (75-80% of mix). Gradual revival signs are also visible in B2B now. Alternate distribution channels, E-Commerce and Rural, are gaining traction. Havells India is expanding capacities in Lloyd - Durables (Rs 3.2 bn capex).
Jefferies view Havells as a quality franchise, with a robust Balance sheet. Havells India share price yestrday closed at Rs 1176, up Rs 30 or 2.6%: Image taken from companies website