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ManufacturingMedium impactPre-market

Havells India downgraded to sell amid valuation concerns

pre-market1 source ↓written by the desknot a recommendation

Havells India has been downgraded to sell due to valuation concerns and recent underperformance. Despite a strong Q4 FY25-26 with net sales of ₹670,520 cr and PBT growth of 40.3%, the company's valuation metrics have raised alarms among analysts. Its ROE of 18.23% and ROCE of 24.03% reflect operational efficiency, yet market challenges persist.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Jun 2026, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HAVELLS closed +1.0% on the day of the news, from ₹1,174.80 to ₹1,186.20; Nifty +0.8% over the same session; futures OI −1.4%.

Bulletin at 07:10 IST on 24 Jun 2026. Every change is measured from ₹1,174.80, the last close before it, on 23 Jun. Nifty 50 is measured over the same sessions.

  • HAVELLS close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
HAVELLS closes around the bulletin against the close before the news, with Nifty 50 rebased to it105711751292axis spans 22%before the news · 23 Jun1175Nifty 50HAVELLSbulletinD0+1+3+517 Jun30 Jun9 JulFutures open interest, lotspeak 24,000Reference close ₹1,174.80. 16 sessions from 17 Jun to 9 Jul; the price axis spans 22 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before23 Jun₹1,174.80basebase
On the day24 Jun₹1,186.20▲ +1.0%▲ +0.8%+0.1 pp difference
+1 session25 Jun₹1,178.30▲ +0.3%▲ +1.0%−0.7 pp difference
+3 sessions30 Jun₹1,159.30▼ −1.3%▲ +0.2%−1.5 pp difference
+5 sessions2 Jul₹1,186.70▲ +1.0%▲ +1.5%−0.5 pp difference
Gap at the open, % · ₹
▼ −0.1%−1.76 on 24 Jun
Day's range, % · ₹
2.2%≈ 26 high to low
Volume on the day
0.45×the 20-session average
Futures OI on the day
▼ −1.4%−290 lots · short covering · price +1.0%
Futures OI open, lots
21,00024 Jun · 30 Jun expiry
Futures premium, ₹
+3.10+0.3% to spot
Puts per call, by OI
0.47from 0.44 the session before
Max pain
1,190from 1,190 the session before

Source NSE UDiFF bhavcopy · HAVELLS on the desk →

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