Havells India shares took a sharp hit today, falling by 5.46% as the company’s Q2 FY25 profit of ₹267.7 crore missed market expectations. At 2:58 PM, the stock was trading at ₹1,833.35, down ₹105.95 from its previous close of ₹1,939.30.
The company’s profit, though up 5.6% year-on-year, came below estimates due to higher expenses and slower-than-expected growth across certain segments. This underperformance has led to a negative reaction from the market, with the stock seeing significant intraday volatility.
Stock Price Details:
- Current Price: ₹1,833.35 (-5.46%)
- Open: ₹1,945.00
- Day’s High: ₹1,946.05
- Day’s Low: ₹1,828.50
- Previous Close: ₹1,939.30
Havells’ stock opened the day on a weaker note, and the downward pressure continued as investors reacted to the earnings miss. While the company showed a 16.4% YoY revenue growth to ₹4,539.31 crore, the lower-than-expected profit has caused concern among market participants.
Disclaimer: The information provided in this article is for informational purposes only. Investors are advised to seek independent financial advice before making any investment decisions.
