With demand expected to be strong, Havells may reverse muted performance

Strong outlook set to give a fillip to Havells' prospects

With demand improving, stocks of consumer electrical companies are expected to better than the benchmark average. An example being Havells, whose share price has risen 25 per cent since October; analysts expect more gains.

The Street’s optimism on consumer durables/electrical companies, Havells in particular, is because 2019 is expected to see a much better demand environment than in 2018. Demand over the past couple of quarters was muted due to unseasonal rain in the peak June quarter, coupled with floods in southern India, higher customs duties and currency depreciation. In the festival season, sales have been strong across segments for