Citi says Havells correction makes risk-reward attractive
In short
Citi kept a buy rating on Havells India and said the recent share-price fall has made the stock look more attractive. The bank said profit may keep growing faster than revenue, helped by the Electric Consumer Division, cables and wires, and smaller losses at Lloyd.
This matters for Havells investors because it points to stronger earnings potential. The report does not say the target price or the size of the share move.
What the reporting says
Citi said Havells India’s share-price correction has made the risk-reward attractive and kept a buy rating on the stock. The note said profit growth could continue to outpace revenue growth in the medium term, helped by operating leverage in the Electric Consumer Division and cables and wires, along with moderation in losses at Lloyd. The report does not give a target price or say how much the stock moved.
Why it matters
Citi said Havells India’s correction has improved the risk-reward profile and kept a buy view on the stock. The note pointed to profit growth outpacing revenue growth in the medium term, supported by operating leverage in the Electric Consumer Division and cables and wires, plus lower losses at Lloyd. The report does not provide a price target or quantify the correction.