Voltas shares up 0.16% as Nifty gains

Voltas shares up 0.16% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 1131.2 and low of Rs 428.0.

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INSIGHTS

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Shares of Ltd. rose 0.16 per cent to Rs 952.95 in Tuesday's trade. It hit an intraday high of Rs 969.75 and low of Rs 946.2, respectively, during the day.

The stock quoted a 52-week high price of Rs 1131.2 and low of Rs 428.0.

As of 12:30PM (IST), the counter saw total traded volume of 42,924 shares with a traded value of Rs 4.11 crore, according to NSE.

The stock had closed at Rs 951.4 in the previous session.

The scrip has declined -9.52 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -4.77 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 70.7 while price-to-book ratio stood at 3.7. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Air Conditioners industry.

Promoter/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership in the firm stood at 14.55 per cent and 25.88 per cent, respectively.

Key Financials
The company reported consolidated 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 net profit for the latest quarter stood at Rs 127.91 crore, up 47.18 per cent from the same quarter a year ago.

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