Voltas Ltd. shares up 0.34% as Nifty gains

Voltas Ltd. shares up 0.34% as Nifty gains
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Synopsis

A total of 36,565 shares changed hands on the counter till 12:36PM (IST).

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Nifty on Wednesday halted a falling spree and formed a bullish candle on the daily chart.

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NEW DELHI: Shares of Ltd. traded 0.34 per cent up in Tuesday's trade at 12:36PM (IST). Around 36,565 shares changed hands on the counter.

The stock opened at Rs 990.0 and touched an intraday high and low of Rs 990.0 and Rs 964.15, respectively, in the session so far. The stock of Voltas Ltd. quoted a 52-week high of Rs 1131.2 and a 52-week low of Rs 428.0.

Total market cap of the Voltas Ltd. stood at Rs 32479.65 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2046.26 crore for the quarter ended 31-Dec-2020, up 23.96 per cent from previous quarter's Rs 1650.8 crore and up 32.29 per cent from the year-ago quarter's Rs 1546.76 crore.

The net profit for latest quarter stood at Rs 127.91 crore, up 47.18 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2020, domestic institutional investors held 25.88 per cent stake in the company, while foreign institutional investors held 14.55 per cent and the promoters 30.3 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 72.81 and a price-to-book ratio of 3.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Voltas Ltd. belongs to the Air Conditioners industry.

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