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Stock Radar: Havells India breaks out of 4-month consolidation range to hit record high; time to buy?
Synopsis
Havells India Ltd, a player in the consumer electronics sector, broke out of a 4-month range last week and reached new record highs. The stock, which had been consolidating in a narrow range since June 2024, hit a fresh peak of Rs 2023 on September 13, 2024. Experts suggest that short-term traders might consider buying the stock now, with a target of Rs 2,050 within the next 2-3 weeks.
Havells India Ltd, part of the consumer electronic industry, broke out of a 4-month range last week, reaching new record highs.Short-term traders may consider buying the stock now, with a target of Rs 2,050 within the next 2-3 weeks, according to experts.The stock, which had consolidated in a narrow range since June 2024, recorded a breakout that propelled it to a new record high of Rs 2023 on September 13, 2024.The stock reached a swing high of
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