Havells India Limited (BSE: 517354 / NSE: HAVELLS)
Technical Analysis & Key Levels
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Reference Closing Price: ~₹1,200
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Immediate Support Level: ₹1,188
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Strong Support Level: ₹1,180 (52-week swing base & major demand zone)
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Short-term Levels: ₹1,217 – ₹1,230
- Bullish Breakout Point: Above ₹1,233
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Company Overview
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Business Profile: Leading Indian Fast-Moving Electrical Goods (FMEG) company and major power distribution equipment manufacturer producing switchgears, cables, wires, LED lighting, fans, home appliances, and heavy electrical equipment (including the Lloyd brand).
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Face Value: ₹1
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Promoter Holding: ~59.4% (backed by substantial domestic institutional and FII participation)
Financials & Outlook
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Quarterly Performance: Robust quarterly revenues exceeding ₹5,500–₹6,500 crore, generating consistent net profits in the ₹300–₹700+ crore range depending on seasonal consumer demand.
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Growth Drivers: Expansion into consumer durables, steady demand across wires/cables and switchgears, growing infrastructure and real estate activity, and continuous premiumization of household appliances.
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Long-term View: Structurally strong growth path supported by widespread distribution coverage, solid balance sheet metrics, strong brand recall, and long-term manufacturing expansion.
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