Havells’ stock jumped more than 3% after UBS maintained a ‘Buy’ rating with a target price of ₹2,145. As of 11:50 AM, Havells shares were trading 2.12% higher at Rs 1,591.30.
UBS highlighted a positive outlook for the company, citing recovery in consumer demand and potential margin expansion. Despite this, they remain neutral on immediate upside risks.
UBS is optimistic about Havells’ recovery in key business segments and its long-term growth potential. The firm emphasized that commentary on demand recovery and cost optimization will be crucial in determining the company’s future performance.
Havells India Ltd. shares opened at ₹1,539.95, with a high of ₹1,616.25 and a low of ₹1,534.00. The stock’s 52-week high stands at ₹2,106.00, while the 52-week low is ₹1,280.00.
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