The breakneck pace of the gains for the index is representative of the strength of the current bull market in Indian equities that started at the depths of the crash in March 2020. Since then, the BSE Sensex has risen over 135 per cent as a tsunami of global liquidity and a faster-than-expected earnings recovery from the pandemic lows boosted sentiment.

"India is a beneficiary of “two mega windfalls” at the same time: ample global liquidity and the shifting of that liquidity away from China into other large and high growth countries such as India that are attracting positive investor sentiment. New entrepreneurs and new business models from India, including disruptors that come from both traditional and tech sectors, are on the radar of foreign investors. "

As of 30-Jun-2021, promoters held 0.0 per cent stake in the company, while FIIs held 23.62 per cent and domestic institutional investors had 13.25 per cent.

Brokerage firm Jefferies India in a recent report highlighted how several metrics in the stock market are suggesting that a tipping point for investors may be near. Given the fact that investors have been lulled into complacency by streaks of record highs and freak stock price movements, the rollover when it comes could be painful.

The stock quoted a 52-week high price of Rs 288.3 and low of Rs 161.3.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 88183.47 Crore) operating in Consumer Durables sector.

The Nifty Realty index was trading 0.69 per cent up at 497.3.

The first tranche of Rs 6.5 crore would be invested on the closing date as defined in the share subscription agreement and the second one of Rs 3.5 crore would be done nine months from the disbursement of the first tranche.

Brace yourself for another round of price hikes in cars, two-wheelers, smartphones, laptops, televisions, refrigerators and air-conditioners.

Oil prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused on tighter supplies amid strong appetite for riskier assets like crude and high hopes for recovery from the pandemic. Brent crude was up 40 cents, or 0.5% at $77.65 a barrel, by 0037 GMT, after touching a two-month high on Thursday and closing at its highest since October 2018.