(Milcah Anila, Intern Journalist) Vijayawada: Havells India Counter, an electrical appliances company, has impressed investors with its encouraging results in the second quarter of the current financial year (2020-21). On the other hand, automaker Ashok Leyland’s counter is also in demand as sales pick up this October. Versace Both of these counters are buzzing with huge profits. Let’s see the details.
Havells India:
Havells India’s net profit jumps 80 percent to Rs. 325 crores. On a stand-alone basis, net income rose 10 percent to Rs. 2,452 crores. EBITDA 79 percent to Rs. 421 crores. EBITDA margins strengthened by 6.7 percent to 17.2 percent. Against this backdrop, Havells India shares jumped 4.5 percent to Rs. Trading at 816. Initially Rs. Rose to 827. This is the latest high. The stock has gained 14 percent in the last three days. Recently, the company has a market capitalization of Rs. 51,000 crore.
Ashok Leyland:
Ashok Leyland sold 9,989 units, up 1 percent, in October. This was due to a 14 percent growth in sales of LCVs and trucks. Meanwhile, heavy vehicle sales fell 11 percent. However, analysts said that every month, total sales grew by 20 percent.
LCVs said domestic demand for commercial vehicles is on the rise. The company sold 8,344 units in September. Against this backdrop, Ashok Leyland gained 3 percent to Rs. Trading at 85. Thus, the maximum for the year registered in January is Rs. Approached 87.5. The stock has rallied 72 percent in the last three months!
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