The process of presenting quarterly results by companies is continuing. And along with this, the review of the stock is also going on by the brokerage houses covering these stocks and the brokerage houses are also continuously issuing their advice on the results. Havells has also released its quarterly results. And after the results, CLSA and UBS have maintained their rating on the stock. According to the brokerage house, the stock can rise up to 36 percent from here. The stock closed with a gain in Friday's trading.

What is the opinion

CLSA has maintained Outperform rating for the stock and has given the target of 2120 for the stock. The stock is currently at the level of 1575. That is, a 34.6 percent increase is possible in the stock from here. The target given for the stock is also above its year's highest level of 2104. According to CLSA, the EBITDA of the third quarter has been weaker than the estimate but the income has been as per the estimate. The management has talked about improvement in consumer demand. At the same time, UBS has also advised to buy Havells and has given a target of 2145 for the stock. That is, as per the estimate, a 36 percent increase is expected from here. 

How were the quarterly results? 

The company's profit has been Rs 278 crore, a decline of 3 percent compared to last year. At the same time, there has been an increase of about 11 percent in income. There has been a slight decline in EBITDA, while margins have also slipped a bit. After the results, the stock has seen a rise on Friday and amid the decline in the market, the stock closed at 1575 with a gain of more than 1 percent. A year ago, the stock was trading below the level of 1450. The stock has recorded a highest level of 2104 on 23 September 2024. At the same time, about a year ago, the stock had recorded a level of 1280.