Havells India Ltd. Reaches All-Time High in Stock Price, Rated 'Buy' by MarketsMOJO

May 24 2024 09:45 AM IST
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Havells India Ltd., a leading cable industry player, has reached an all-time high in its stock price on May 24, 2024. According to MarketsMojo, the stock is rated as a 'Buy' and has consistently outperformed the sector. It is currently trading above its moving averages and has shown a remarkable 48.39% increase in the past year.

Havells India Ltd., a leading player in the cable industry, has recently reached an all-time high in its stock price. On May 24, 2024, the company's stock price touched a record high, indicating a positive trend for the company.

According to MarketsMOJO, a leading stock market analysis and research platform, Havells India Ltd.'s stock is currently rated as a 'Buy'. This further reinforces the positive sentiment surrounding the company's performance.

In terms of price performance, Havells India Ltd. is currently trading at 0.63% below its 52-week high of Rs 1879.95. However, the stock has been gaining for the last two days and has risen by 1.36% during this period. This shows a consistent upward trend for the company's stock.

Moreover, Havells India Ltd. has outperformed the sector by -0.67% in today's trading session. This indicates the company's strong position in the market and its ability to outperform its competitors.

In terms of moving averages, Havells India Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further strengthens the positive outlook for the company's stock.

In the past year, Havells India Ltd. has shown a remarkable performance with a 48.39% increase in its stock price, while the Sensex has only seen a 22.15% increase. This showcases the company's strong growth potential and its ability to deliver returns to its investors.

Overall, Havells India Ltd. has been consistently performing well in the cable industry and its recent all-time high stock price is a testament to its success. With a 'Buy' rating from MarketsMOJO and a strong performance in the past year, the company is definitely one to watch out for in the largecap category.
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