OICHARTS
8 AMThe 8 AM report →
ManufacturingMedium impactAfter close

Havells India downgraded to sell amid valuation concerns

after close1 source ↓written by the desknot a recommendation

Havells India has been downgraded to sell due to valuation concerns and recent underperformance. Despite strong fundamentals, including a PBT surge of 40.3% to ₹62,136 cr and record net sales of ₹670,520 cr, market challenges persist. The company's high ROE of 18.23% and net debt-free status remain strengths, but investor sentiment may be affected.

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 1 Jul 2026, 16:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HAVELLS closed −0.2% on the day of the news, from ₹1,188.80 to ₹1,186.70; Nifty +0.7% over the same session; futures OI +0.3%.

Bulletin at 16:10 IST on 1 Jul 2026. Every change is measured from ₹1,188.80, the last close before it, on 1 Jul. 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 it107011891308axis spans 22%before the news · 1 Jul1189Nifty 50HAVELLSbulletinD0+1+3+524 Jun7 Jul16 JulFutures open interest, lotspeak 24,000Reference close ₹1,188.80. 16 sessions from 24 Jun to 16 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 %
Before1 Jul₹1,188.80basebase
On the day2 Jul₹1,186.70▼ −0.2%▲ +0.7%−0.9 pp difference
+1 session3 Jul₹1,181.10▼ −0.7%▲ +1.1%−1.8 pp difference
+3 sessions7 Jul₹1,225.00▲ +3.0%▲ +1.6%+1.4 pp difference
+5 sessions9 Jul₹1,190.80▲ +0.2%▼ −0.2%+0.3 pp difference
Gap at the open, % · ₹
▲ +0.4%+5.11 on 2 Jul
Day's range, % · ₹
1.3%≈ 15 high to low
Volume on the day
0.80×the 20-session average
Futures OI on the day
▲ +0.3%+78 lots · short build-up · price −0.2%
Futures OI open, lots
22,0002 Jul · 28 Jul expiry
Futures premium, ₹
+3.40+0.3% to spot
Puts per call, by OI
0.76from 0.81 the session before
Max pain
1,190from 1,200 the session before

Source NSE UDiFF bhavcopy · HAVELLS on the desk →

Thread · HAVELLSAll HAVELLS bulletins →

Related