Havells India517354Consumer durables, electrical
UBS downgrades Havells to neutral from buy and cuts target price citing elusive margin recovery
- New target price
- 1200 rupees
- Previous target price
- 1440 rupees
Heard on business television between 08:55:33 - 08:58:33 IST.
- UBS downgraded to neutral from buy
- Target price cut to 1200 rupees from 1440 rupees
- Cited margins recovery as elusive, sell-out strategy unlikely to help
- Channel feedback on sell-out strategy remains unimpressive, underperformance and capital allocation seen as structural
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Source: Live TV News Channel · 9 Oct 2026
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