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 email@example.com
MARK TO MARKET
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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