Havelles India Share Price Near To All-Time! Following Strong Q4 ‘BUY, SELL or HOLD? Check Share Price Target (image source: Havells)
Havells India Share Price Target: Havells India Ltd. (HAVL) shares gained over 1.50 pc or 25 rupees reaching Rs 1,693 per share on NSE. While on the BSE Havelles India shares were near a lifetime high during the early trades reaching Rs 1,699.40 per share around 10:50 am on Friday. The Company has reported strong Q4. Should investors ‘BUY, SELL or HOLD’ as the stock is near an all-time high, here is what brokerages recommended.
Havells India Share Price Target 2024
LKP Securities On Havells Share Price Target
Stock brokerage LKP Securities has given a ‘BUY’ rating for the stock, setting Havells India’s share price target at Rs 1,870 per share. The brokerage sees 12 per cent upside potential in the stock.
“Havells remains focused on ensuring its presence across the value chain and some of the positive catalysts ahead include strong summer demand, stabilisation of lighting prices, capacity expansions in cables, Lloyd’s profitability, and early signs of recovery in the real estate sector. As a result of margin improvements driven by enhanced efficiencies, we have revised our EPS upwards. Considering the early positive indicators in B2C consumer demand due to the real estate revival and sustained industrial and infrastructure-led demand, we maintain our Buy recommendation with a revised price target of Rs 1,870,” said LKP Securities.
Geojith Financial On Havells Share Price Target
Geojith Financial has given a ‘HOLD’ rating for the stock projecting a 7 per cent upside potential setting the Havells India share price target at Rs 1,668 per share. The brokerage has cited the following reasons.
Financial Performance
HAVL witnessed robust financial performance, with revenue growing by 12 per cent year-on-year (YoY) and net profit rising by 24 per cent YoY, surpassing expectations. This growth was primarily driven by strong summer sales. Additionally, EBITDA surged by 20 per cent YoY, with margins expanding by 80 basis points (bps) to 11.7 per cent, attributed to cost rationalization efforts and an improved product mix.
Business Segments
HAVL’s core portfolio exhibited strength, buoyed by healthy demand in real estate and construction sectors, a trend expected to persist in the near term. Particularly, the Electrical Consumer Durables (ECD) and Lloyd segments demonstrated improved performance, driven by increased sales of fans and air conditioners.
Factors Driving Profitability
Enhanced product mix and seasonal factors are poised to bolster profitability in the foreseeable future. The company anticipates improved consumer sentiment in FY25 amid easing inflationary pressures. However, concerns loom over the recent surge in copper prices, posing a challenge to margins.
Market Outlook and Growth Projection
Despite challenges, HAVL maintains a positive outlook, leveraging its brand reputation, robust product portfolio, and extensive channel networks. Analysts forecast a 26 per cent Compound Annual Growth Rate (CAGR) in earnings over the period spanning FY24 to FY26E, underscoring confidence in the company’s growth trajectory.
