Havells India stock is factoring in a good share of the brighter picture

Valuations aren’t particularly cheap, what with the stock trading at 45 times estimated earnings for FY20

Pallavi Pengonda pallavi.p@livemint.com

Investors of electrical equipment maker Havells India Ltd are a happy lot. After all its shares have appreciated as much as 53% so far in FY19, sharply outpacing the Nifty 500 index. Valuations, therefore, aren’t particularly cheap, what with the...

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