Havells
HSBC ON HAVELLS : 22.07.2021
* HSBC maintains BUY call on Havells, target at Rs 1,215/sh
* Delivers Strong Results in Q1 With Rev & Profit Above Consensus Expectation
• Demand Recovery Continues To Surprise Positively
• See Gross Margin Pressure Due To Rising Commodity Costs As Transient Headwind
* MAINTAIN BUY TARGET: 1,215
Havells
