Share price of Voltas falls as Sensex drops 1333.44 points

Share price of Ltd. dropped 4.13 per cent to Rs 964.65 at 11:13AM (IST) in Monday's trade. The counter hit a high of Rs 994.1 and low of Rs 940.65 so far during the session. The stock had closed at Rs 1006.25 in the previous session.

The counter had a total traded volume of 11:13AM shares so far with a turnover of Rs 8.19 crore on BSE. The stock traded at a price-to-earnings multiple of 71.49 and a price-to-book ratio of 3.7.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Dec-2020, while foreign investors and domestic institutional investors ownership stood at 14.55 per cent and 37.37 per cent, respectively.

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

Its profit for the latest quarter stood at Rs 127.91 crore, up 47.18 per cent from the same quarter a year ago.