Havells India is engaged in the business of manufacturing switchgears, cables, lighting and fixtures, and so on. Photo: MintHavells India Ltd’s shares have outperformed vis-à-vis the benchmark Sensex in calendar year 2017. Havells India intends to establish a meaningful presence in each product category and expand market share. If executed as per management expectations, IIFL sees upsides to its 25% sales/17% earnings CAGR over FY18-20. Currently, the Havells India stock trades at about 42.6 times its estimated FY19 earnings, based on Bloomberg data.

Source: Mint January 04, 2018 02:37 UTC