News for Havells India Limited (HAVELLS.NS)

The NSE Nifty index was trading 345.66 points down at 23901.05

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

Stocks of Polycab India, KEI Industries, Havells, Finolex Cables drop as Adani Group enters cables segment. UltraTech Cement also impacted.

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.

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.

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.

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.

The stock quoted a 52-week high price of Rs 2104.95 and low of Rs 1280.20.

The stock quoted a 52-week high price of Rs 2104.95 and low of Rs 1280.20.

A total of 4,167 shares changed hands on the counter till 10:04AM (IST)

Promoters held 59.41 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 24.76 per cent and 3.94 per cent, respectively.

Promoters held 59.41 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 24.76 per cent and 3.94 per cent, respectively.

The stock quoted a 52-week high price of Rs 2104.95 and low of Rs 1279.15.

The stock quoted a 52-week high price of Rs 2104.95 and low of Rs 1273.40.

Promoters held 59.41 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 24.76 per cent and 3.94 per cent, respectively.

Buzzing Stocks Today, Stocks that will see action today: 17 October 2024 - Infosys, Wipro, Axis Bank, Nestle India, LTIMindtree, Tata Chemicals, Tata Communications, Ceat, Havells India, Jindal Stainless, Central Bank of India, Indian Overseas Bank, Dhanlaxmi Bank, Polycab India, Reliance Industries, RVNL, Welspun Corp, Oberoi Realty, Cochin Shipyard, Titagarh Rail, Bikini Foods

Domestic equity indices fell on Wednesday as investors took profits before U.S. inflation data. The Nifty 50 and Sensex both dropped 0.49%. Analysts suggest the Nifty faces support at 24,800 and resistance at 25,200, with potential further declines if key levels are breached.