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What's Afoot: Find out why Nomura has a 'neutral' call on Havells

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Nomura has maintained its 'neutral' call on Havells with a target price of Rs 814. The brokerage firm believes that players like Havells will recover much faster than the industry primarily owing to the pent-up demand and secondly because of the wide distribution network that they have.

Nomura has maintained its 'neutral' call on Havells with a target price of Rs 814. The brokerage firm believes that players like Havells will recover much faster than the industry primarily owing to the pent-up demand and secondly because of the wide distribution network that they have.
Nomura is positive on Havells and believes that revenue growth of 11 percent is on the cards for the company for the next three years at a compounded rate.
CNBC-TV18’s Mangalam Maloo has more details.
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Market Movers

CompanyPriceChng%Chng
IndusInd Bank986.95 11.15 1.14
Titan Company1,747.05 18.00 1.04
Divis Labs4,837.35 45.95 0.96
HUL2,362.60 20.20 0.86
Bajaj Finserv13,927.00 119.15 0.86
CompanyPriceChng%Chng
IndusInd Bank987.15 11.50 1.18
Titan Company1,746.30 14.95 0.86
Bajaj Finserv13,928.25 127.05 0.92
HUL2,362.55 19.80 0.85
Bharti Airtel542.70 2.25 0.42
CompanyPriceChng%Chng
Divis Labs4,869.15 77.75 1.62
Titan Company1,748.65 19.60 1.13
HUL2,363.20 20.80 0.89
Bajaj Finserv13,915.00 107.15 0.78
IndusInd Bank981.65 5.85 0.60
CompanyPriceChng%Chng
Titan Company1,747.30 15.95 0.92
Bajaj Finserv13,925.60 124.40 0.90
HUL2,361.85 19.10 0.82
IndusInd Bank981.25 5.60 0.57
Bharti Airtel542.30 1.85 0.34

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.4525-0.0075-0.01
Euro-Rupee87.9880-0.0240-0.03
Pound-Rupee103.2580-0.1010-0.10
Rupee-100 Yen0.6781-0.0001-0.02