Is This A Good Time to Buy Havells India ?
August 30 2021 | Reading Time: 2 Minutes
Havells India stock has broken out of a 24-week, 22% deep Saucer Without Handle Base 3-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 2% away from the ideal buy price of INR 1232.
The stock closed in red for the week, but the volume remained below average. It was down 0.11% on a +8.0% lower volume than the 10-week average. It will be interesting to see how the stock behaves in the coming week. You would want to see the price volume momentum to pick up in the coming trading sessions.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 8.0% away from the 10-week moving average.
In the last twelve months, Havells India has rallied nearly 97% as compared to 41.8% for the Nifty500. It has a Relative Strength Rating of 57. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Havells India can maintain this outperformance, it could make sense as a CANSLIM trade.
On the earnings front, Havells India has an excellent EPS Rank of 87, which indicates consistency in earnings. The earnings and sales for the stock have grown by 13% and 8%, respectively over the past three years. Its 3-years earnings stability is 14, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 6% and 8%, respectively. The 5-years earnings stability is 22. The return on equity for the last reported year is 22%.
The stock belongs to the industry group of Electrical-Power/Equipment. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 76. The current price of Havells India is -3% off from its 52-week high price and 107% above its 52-week low price.
The stock appears on our idea lists: Minervini Trend Template.
The stock closed in red for the week, but the volume remained below average. It was down 0.11% on a +8.0% lower volume than the 10-week average. It will be interesting to see how the stock behaves in the coming week. You would want to see the price volume momentum to pick up in the coming trading sessions.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 8.0% away from the 10-week moving average.
In the last twelve months, Havells India has rallied nearly 97% as compared to 41.8% for the Nifty500. It has a Relative Strength Rating of 57. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Havells India can maintain this outperformance, it could make sense as a CANSLIM trade.
On the earnings front, Havells India has an excellent EPS Rank of 87, which indicates consistency in earnings. The earnings and sales for the stock have grown by 13% and 8%, respectively over the past three years. Its 3-years earnings stability is 14, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 6% and 8%, respectively. The 5-years earnings stability is 22. The return on equity for the last reported year is 22%.
The stock belongs to the industry group of Electrical-Power/Equipment. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 76. The current price of Havells India is -3% off from its 52-week high price and 107% above its 52-week low price.
The stock appears on our idea lists: Minervini Trend Template.
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