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Havells India shares drop 3.5% after reporting a 7.5% YoY PAT increase to Rs 267.77 crore for Q2 FY24. QoQ PAT declined 34.3% and revenue fell nearly 22%. Analysts retain 'Hold' ratings; Jefferies and Investec cut target prices, while Goldman Sachs raises its target based on anticipated earnings growth.
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Polycab Share Price: Polycab India's shares fell nearly 7% despite a 3.5% YoY net profit increase, driven by strong revenue growth but rising expenses. Analysts remain positive, with 'Buy' ratings from Motilal Oswal and Nuvama.
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Nestle India's shares fell 2.2% after reporting a Q2 net profit of Rs 899 crore, slightly down year-on-year. Brokerages gave mixed reviews, with target prices ranging from Rs 2,350 to Rs 2,870.
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