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Price hikes and cables momentum to aid Havells margins, says CLSA after Q3 results
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Price hikes and cables momentum to aid Havells margins, says CLSA after Q3 results
CLSA has maintained its outperform rating on Havells India with a target price of ₹1,670 per share, citing a resilient third-quarter performance supported by strong momentum in wires and cables. The brokerage said Havells reported a 21% year-on-year rise in EBITDAwhile revenue grew 14% YoYdriven largely by sustained strength in the wires and cables segment. CLSA noted that this performance reflects gradual improvement in demand conditions, even …
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