November 20, 2015

Havells India: light at the end of the tunnel?

Shares of Havells India Ltd, a maker of lighting products, cables and fans, have rallied since it announced earnings last week, outperforming the broader markets. The rally was on the back of expectations of better demand during the festival season and a pickup in infrastructure spending.
The company management, during the conference call with analysts, said it expected decent growth in the second half of the fiscal year as there was some traction seen in demand in the past two months.
Domestic brokerage firm Emkay Global Financial Services Ltd in a note dated 9 November estimates 13-15% revenue growth in the second half of FY16 because of a low base, following muted 1% growth in the first half of the fiscal year.

No comments:

Post a Comment

Share this...