 "Havells India hits 52-week low; down 21% thus far in May")
Shares of Havells India were trading lower for the fifth straight day, slipping 4.4 per cent to fresh 52-week low of Rs 447 on the BSE on Wednesday amid concerns about slower recovery in business as compared to peers.
Thus far in the month of May, the stock has underperformed the market by falling 21 per cent, after reporting weak numbers across all segments. In comparison, the S&P BSE Sensex declined 9.6 per cent in the same period.
Havells India’s standalone revenue during the January-March quarter (Q4FY20) declined by 19.5 per cent year-on-year (YoY) to Rs 2,216 crore
Thus far in the month of May, the stock has underperformed the market by falling 21 per cent, after reporting weak numbers across all segments. In comparison, the S&P BSE Sensex declined 9.6 per cent in the same period.
Havells India’s standalone revenue during the January-March quarter (Q4FY20) declined by 19.5 per cent year-on-year (YoY) to Rs 2,216 crore
