Economy

Havells India: Stock Radar: Down over 20% from highs! This consumer electric company is looking weak on charts

Havells India Ltd, which has fallen more than 20 per cent from its October 2021 highs, is trading below most of its crucial short- and long-term moving averages, which is a bearish sign. The consumer electronics company, with a market capitalization of over Rs 72,000 crore as of 6 June 2022, hit a 52-week high of Rs 1,503 on 18 October 2021. The stock failed to hold on to the momentum and closed at Rs 1,156 on June 3, a downside of over 23 per

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