Stock Radar: Havells India breaks out of 4-month consolidation range to hit record high; time to buy?

Havells India Ltd, a player in the consumer electronics sector, broke out of a 4-month range last week and reached new record highs. The stock, which had been consolidating in a narrow range since June 2024, hit a fresh peak of Rs 2023 on September 13, 2024. Experts suggest that short-term traders might consider buying the stock now, with a target of Rs 2,050 within the next 2-3 weeks.