The market is expected to consolidate in the coming sessions with key support at 22,300, after Friday's (April 26) profit-booking following an upward journey in the previous five straight sessions. But in case the index manages to surpass 22,500 and hold for a few days, then the journey towards 22,700-22,800 is likely to be seen soon, experts said.On April 26, the Nifty 50 fell 150 points to 22,42...

Havells hits 52-week high on Goldman Sachs 'buy' upgradeGoldman Sachs expects Havells to resume revenue growth in the teens beginning the March quarter, following two consecutive quarters of single-digit growthShares of Havells India Limited gained 4 percent to hit a 52-week high of Rs 1,482 in the morning trade on February 27 after Goldman Sachs upgraded the rating for the wires and cables manufa...

Crompton & HAVells both rallied 20-25% in Q2 on expected synergies from Butterfly/B2B pick-up respectively. Softening commodities have fueled hopes of margin recovery in Q2, given the 10-15% price hikes in last four quarters. Butterfly integration is a key catalyst for Crompton. Weak margin in Lloyd is a key risk for Havells, while its core business is doing better. In FY23-25, we expect Cromptonâ...

Institutional investors dissented four resolutions each of supply chain firm Delhivery and electrical goods company Havells India, with more 50% of votes cast, even as they supported 89 motions with 100% majority. Further, they also supported 26 motions with over 99% of votes polled.Delhivery’s resolutions, all employee stock option plans, were voted against with 72% of institutional shareholder...

Stocks to buy today: After copper prices hitting 17-month low on Monday, shares of electric wire maker companies have suddenly emerge as major beneficiaries of this development as falling metal prices may lead to inventory destocking and revival in private CAPEX. On account of these benefits, Polycab India, Havells India, Finolex Cables, KEI Industries, etc. shares are expected to surge and hence ...