Analysts up earnings estimates for Havells after company reports strong Q3

Shares of Havells India jumped more than 12 per cent intraday on Thursday to hit a new record of Rs 1,144 after the consumer durable products maker's results for the quarter ended December 2020 (Q3) beat analysts’ estimates. Demand was healthy aided due to festivals sales and footfalls reviving, but top line growth was far higher than estimates. Revenue was up 39 per cent year-on-year to all-time high of Rs 3,165 crore in the October-December period aided by strong growth across all segments. That compares with consensus estimates of Rs 2,627 crore. The company said its g.....

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