Havells stock: Buy, Sell, Hold – here’s what brokerages say about it, check their targets

Havells has received mixed responses from brokerages following its recent performance. While some analysts maintain a positive stance, others suggest caution due to muted growth in certain segments. Here’s what top brokerages are saying about Havells stock:

Brokerage Ratings and Targets

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  • UBS: Maintains a ‘Buy’ rating with a target price of ₹2,145, citing a positive outlook driven by improved consumer demand recovery and potential margin expansion. However, they remain neutral on immediate upside risks.
  • JP Morgan: Retains a ‘Neutral’ stance with a target price of ₹1,750, reflecting concerns over subdued growth in key segments and persistent margin pressure in categories like Cables & Wires.

Market Performance

Havells’ current market price stands at ₹1,568.40, offering a potential upside of 36.8% based on the highest target price of ₹2,145 from UBS. Meanwhile, JP Morgan’s target implies a modest upside of 11.6%, reflecting a more cautious stance.

Key Highlights

  • UBS remains optimistic due to expected recovery in key business verticals and long-term growth potential.
  • JP Morgan highlights challenges such as weak margins in segments like Switchgears and Lighting, alongside headwinds from inventory destocking.
  • Both brokerages agree that commentary on demand recovery and cost optimization will be critical for Havells’ future performance.

With brokerages offering mixed ratings, Havells stock appears as a medium-risk, medium-reward opportunity. Investors looking for long-term growth may align with UBS’s bullish outlook, while those cautious about near-term challenges might prefer JP Morgan’s neutral stance.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.