Havells India downgraded to sell amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
Havells India has been downgraded to sell by MarketsMojo due to valuation concerns and recent underperformance. Despite strong fundamentals, including a PBT surge of 40.3% to ₹6,213.6 cr and record net sales of ₹67,052 cr, the market is cautious. The company's high ROE of 18.23% and ROCE of 24.03% reflect operational efficiency, but leverage risks remain a concern.
Not investment advice. For informational purposes only.