News for Havells India Limited (HAVELLS.BO)

The NSE Nifty index was trading 345.66 points down at 23901.05

Stocks including HCL Technologies, IRCON International, Zydus Lifesciences, Tata Power, Cyient, Indian Hotels, JK Cement, Havells and Macrotech Developers will be in the spotlight on Tuesday, April 15.

Adani Group and Aditya Birla Group have recently entered the cables & wires (C&W) sector, traditionally dominated by smaller companies. Their entry may lead to increased competition and potential consolidation in the market. Domestic and global demand for C&W products remains strong, with the sector poised for steady growth driven by infrastructure and industrial expansion.

Adani Enterprises’ subsidiary, Kutch Copper, has incorporated a 50:50 joint venture company -- Praneetha Ecocables Ltd -- with Praneetha Ventures.

KEI share price: Shares of KEI Industries plunged 14.3% after Adani Enterprises announced its entry into the cables and wires sector via a JV with Praneetha Ventures. Rival stocks Polycab and Havells also fell up to 8.5% on competition fears. KEI, already under pressure, extended its YTD decline to 14%, while Adani Enterprises traded higher at **Rs 2,

Indian benchmark indices, Nifty50 and Sensex, continued their upward trend for the fourth consecutive session due to gains in banking, auto, and IT stocks. This rally was supported by the US Federal Reserve's decision to maintain its rate-cut projections for the year, despite inflation concerns amid ongoing tariffs.

The Indian market is showing signs of stabilization despite global economic concerns and FII outflows. Nifty is in a corrective phase, with a trend reversal contingent on breaking the 23,807 level. The Bank Nifty remains range-bound, and select stocks like Kotak and HDFC Bank show potential. Metal stocks, especially Tata Steel and JSW Steel, are poised for upside, driven by global factors.

Polycab India share price: The recovery followed a sharp selloff on Thursday, triggered by HSBC cutting target prices for major wires and cables companies by as much as 23%. The downgrade was attributed to UltraTech's Rs 1,800 crore investment, which was seen as an

Indian benchmark indices Sensex and Nifty ended flat on Thursday. The Nifty traded within a narrow 100-point range as caution prevailed among investors on the monthly expiry of Nifty 50's derivatives contracts. Broader sentiment remained subdued and directionless amid mixed global cues.

The shares of leading wires and cables manufacturers Polycab India, RR Kabel, KEI Industries, Havells India, and Finolex Cables plunged on Tuesday after Aditya Birla Group company UltraTech Cement announced its entry into the industry.

The NSE Nifty index was trading 6.4 points down at 22541.15

In the Nifty50 index, 17 stocks were trading in the green, while 33 stocks were in the red.

TCPL Packaging, Bajaj Finance and Norben Tea Exp, hit their fresh 52-week highs at 10:14AM.

Budget Day sees flat performance for Sensex and Nifty, with specific stock recommendations for Tata Consumer, Eicher Motors, Macrotech Developers, and Havells India.

Both the benchmark Sensex and Nifty were trading lower at noon on Friday. At 12:00 p.m., the NSE Nifty 50 was down 0.62% at 23,170 level and BSE Sensex by 0.7% near 76,500. From Wipro Ltd., Axis Bank Ltd., Reliance Industries Ltd. to Havells India Ltd. and Infosys Ltd., these are the stocks that moved the most.

Havells India reports 3% decline in net profit, revenue up 10.8%, EBITDA down 1.5%, declares ₹4 dividend.

The company had posted a consolidated net profit of Rs 287.91 crore in the October-December quarter a year ago

Shares of Quadrant Future Tek surged 113.7% within a week of its January 14 listing, hitting Rs 619.65. The stock debuted at Rs 370 and has shown significant gains since. The IPO was highly subscribed, particularly by retail and non-institutional investors. Quadrant specializes in specialty cables and train control systems, positioning itself for growth in the Indian market.

Havells stock climbed 3.89% to Rs 1617.95 on BSE today. Market cap of the firm stood at Rs 98,530 crore.