NSE: HAVELLS | BSE: 517354

Expensive Performer

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1318.70 -35.30 (-2.61%)

960.0K NSE+BSE Volume

NSE 04 Mar, 2026 3:50 PM (IST)

82,674.8

Market Cap

Market Leader

Beta 1Year

Low volatility

Havells India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HAVELLS, BSE:517354 Havells India Ltd.

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Havells India Ltd.

19 Jan 2026

1318.70

-2.61%

Strong growth in ECD and C&W; Lloyd weak

Neutral: Havells India Ltd.

Target

Motilal Oswal

Havells India’s (HAVL) 3QFY26 earnings were below our estimate due to the weak performance of Lloyd and lower margins in the cable & wire (C&W) and lighting segments.

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

19 Jan 2026

1318.70

-2.61%

Havells India (HOLD): W&C outperformed, Lloyd performance signals recovery

Hold: Havells India Ltd.

Target

BOB Capital Markets Ltd.

Broadly in line performance, robust C&W growth (+33% YoY) was offset by weakness in Lloyd (-6% YoY) and Lighting (-4% YoY)

Havells India Ltd.'s price crossed below 50Day SMA today

Havells India Ltd.

17 Dec 2025

1318.70

-2.61%

Short-term softness; medium-term opportunities building

Buy: Havells India Ltd.

Target

ICICI Securities Limited

We remain positive on Havells although the near-term outlook is likely to be soft due to weak demand for air conditioners and potential impact on earnings due to change in BEE norms in Jan’26 in fans and air conditioners.

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

25 Oct 2025

1318.70

-2.61%

Inventory overhang disrupts Q2, recovery in H2; maintaining a Buy

Buy: Havells India Ltd.

Target

Anand Rathi

Affected by an 18% y/y drop in Lloyd (and 2% in ECD), though offset by 12% y/y growth in cables & wires and 8% in switchgear, Havells’ Q2 was weak. ECD and Lloyd were hit by softer seasonal demand but would recover from Q3 as inventories normalise and festival demand booms.

Havells India Ltd. is trading below all available SMAs

Havells India Ltd.

24 Oct 2025

1318.70

-2.61%

HAVELLS INDIA LTD

Buy: Havells India Ltd.

Target

Geojit BNP Paribas

Havells India Ltd.'s price crossed below 50Day SMA today

Havells India Ltd.

19 Oct 2025

1318.70

-2.61%

Havells India (HAVL IN) Q2FY26 Result Update Weak...

Accumulate: Havells India Ltd.

Target

Prabhudas Lilladhar

Havells India Ltd.'s price crossed below 50Day SMA today

Havells India Ltd.

19 Oct 2025

1318.70

-2.61%

Havells India (HOLD): Weak primary hits ECD/Lloyd; W&C underperforms peers

Hold: Havells India Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue grew 5% YoY, as the 2%/18% drop in ECD/Lloyd was partially offset by 12%/8% YoY growth in W&C and switchgears

Number of FII/FPI investors decreased from 841 to 797 in Dec 2025 qtr

Havells India Ltd.

12 Sep 2025

1318.70

-2.61%

FY25 annual report analysis: Aggressive investments in R&D, distribution and capex

Buy: Havells India Ltd.

ICICI Securities Limited

We remain constructive on Havells, as its FY25 annual report indicates aggressive investments across key business parameters such as R&D, distribution, branding and capex.

Havells India Ltd.'s price crossed below 50Day SMA today

Havells India Ltd.

22 Jul 2025

1318.70

-2.61%

Havells India (HOLD): Weak summer dampens performance; pain persists for Lloyd

Hold: Havells India Ltd.

Target

BOB Capital Markets Ltd.

Q1 revenue declined 6% YoY, as the 14%/34% drop in ECD/Lloyd was partially offset by 27% growth in WC

Havells India Ltd.'s price crossed below 50Day SMA today

Havells India Ltd.

22 Jul 2025

1318.70

-2.61%

Transitory impact of early monsoon; long-term growth drivers intact

Buy: Havells India Ltd.

Target

ICICI Securities Limited

While the impact of early monsoon on off-take of RAC, fans and coolers was higher-than-expected, we believe the impact is transitory in nature and there is negligible impact on long-term value creation.

Havells India Ltd.'s price crossed below 50Day SMA today

Is Havells India Ltd. worth buying?

426 Votes:

Buy 73.24%

Sell 17.14%

Hold 9.62%

RESEARCH REPORTS

Hold SEE REPORTS >

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Neutral SEE REPORTS >

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