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Havells falls over 2% after CLSA recommends sell with target of Rs 525

December 13
18:05 2017
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Electrical equipments maker Havells India shares fell more than 2 percent intraday Wednesday after global brokerage house CLSA recommended selling the stock with a target price of Rs 525 per share.

Company is focus is now on expanding its product offering & distribution reach and backward integration will continue to remain company’s strength, the research house said.

Lloyds acquisition provides access to fast growing market, it added.

At 14:49 hours IST, the stock price was quoting at Rs 533.90, down 2.35 percent on the BSE.

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