Havells India517354Consumer electricals, cables
Analysts discuss Havells results, Lloyd business drag, and technical levels
By ScoutQuest · · 1 min read
- Resistance level for reversal
- 1100
- Y-o-Y decline
- 30 basis points
Heard on business television between 14:02:23 - 14:05:23 IST.
- Havells results showed complete majority view but down 30 basis points Y-o-Y.
- Lloyd business called a pain point, dragging stock returns for five years.
- Josh said demand for cable and wire business is strong and will offset Lloyd pain, margins to cover.
- Jatin said trend is negative; sustained pullback only likely above 1100 levels, currently oversold with bounce possible.
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