Here's why Havells share price was in demand on January 17; details here

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Here's why Havells share price was in demand on January 17; details here - Business Standard

Quick Summary:

The company noted that Switchgear margins declined during the quarter due to a shift in the product mix towards project-based business and under-absorption of factory costs caused by plant relocation.

Havells results impact: Home appliance company Havells share price was in demand on the last day of week, January 17, 2025.

Despite positive consumer sentiment and robust industrial and project trends, Nuvama revised its FY25–27E EPS estimates downward by 5–9 per cent due to a delayed margin recovery.