*For SHORT SELL*

Havells Q1 nos today:

BIG MISS ON MARGINS

As per DoW estimate:

1) Havell can report PAT of 126-130cr *Vs Bloomberg est of 165cr*

2) Ebidta can DECLINE to *180-184 Cr Vs Bloomberg est of 240cr*

3) Margins to witness sharp decline at 8.70-8.80% Vs 11.50 est

Stock should fall to 442-444 levels

SL You decide