# Havells shares hit 52-week low, brokerages split on outlook 2026-10-23T07:37:38+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Havells India shares fell about 6 per cent on Friday (23 October 2026) to a 52-week low of Rs 1,002.80, a day after the company reported its Q2FY27 results. Consolidated net profit rose 9.72 per cent year-on-year to Rs 349.22 crore and revenue from operations grew 34.57 per cent to Rs 6,432 crore. However, Ebitda margin contracted to 8.9 per cent from 9.2 per cent a year earlier, and the cables and wires segment posted margin pressure from aluminium price movements. Brokerages gave mixed views. Nuvama maintained a 'Buy' rating with a target price of Rs 1,430, while Goldman Sachs and Jefferies cut their target prices but kept buy ratings. Nirmal Bang maintained 'Hold' with a revised target of Rs 1,190. Motilal Oswal lowered Ebitda estimates for FY27 and FY28, citing continued margin pressure and higher losses at the Lloyd consumer business, which reported an Ebit loss of Rs 105 crore in the quarter. The management plans price hikes of 5 to 7 per cent in Q3 and retained a FY27 capex plan of Rs 1,400 crore. ## Indian Opinion Analysis Business Standard leads with the stock's intraday gain and brokerages that maintained positive ratings, giving less emphasis to margin pressure and Lloyd's losses. NDTV Profit notes target price cuts but retains buy ratings, mirroring a selectively positive framing. Livemint leads with the 52-week low and focuses squarely on margin pressures, cable competition and Lloyd as concerns, citing brokerages that cut estimates. The three sources report the same Q2 numbers but differ in emphasis: Business Standard and NDTV Profit highlight brokerages that still recommend the stock, while Livemint foregrounds the bearish case. The balanced reading is a stock that rose on results day before falling 6% the next day, with analyst ratings split between hold and buy but targets lowered. The next concrete items are Havells' planned Q3 price hikes of 5 to 7 per cent and its FY27 capex plan of Rs 1,400 crore. ## Coverage Coverage: 3 sources, 3 neutral - business-standard.com (neutral report) Leads with stock gain and positive brokerages - ndtvprofit.com (neutral report) Headline notes target cuts but retains buy ratings - livemint.com (neutral report) Leads with 52-week low and margin concerns This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Tags: Goldman Sachs, Havells India, Jefferies, Nirmal Bang, Nuvama, Q2FY27 Canonical: https://indianopinion.org/havells-shares-hit-52-week-low-brokerages-split-on-outlook/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/havells-shares-hit-52-week-low-brokerages-split-on-outlook/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/