Voltas shares up 2.05% as Nifty gains

Voltas shares up 2.05% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 1131.2 and low of Rs 529.4.

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India is hardly immune to the global trend of sliding fees and trading commissions.
Shares of Ltd. rose 2.05 per cent to Rs 1055.65 in Thursday's trade. It hit an intraday high of Rs 1057.25 and low of Rs 1037.05, respectively, during the day.

The stock quoted a 52-week high price of Rs 1131.2 and low of Rs 529.4.

As of 10:26AM (IST), the counter saw total traded volume of 56,601 shares with a traded value of Rs 5.93 crore, according to NSE.

Did you Know?

Stock score of Voltas Ltd moved down by 1 in 3 months.

View Latest Stock Report  »

The stock had closed at Rs 1034.4 in the previous session.

The scrip has advanced 10.21 per cent in the past one month till date, while the benchmark BSE Sensex has gained 7.38 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 66.37 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-Mar-2021, while FII and MF ownership in the firm stood at 14.38 per cent and 24.35 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2683.24 crore for the quarter ended 31-Mar-2021, up 31.13 per cent from the previous quarter's Rs 2046.26 crore and up 24.8 per cent from the year-ago quarter's Rs 2150.09 crore. Its net profit for the latest quarter stood at Rs 237.73 crore, up 49.84 per cent from the same quarter a year ago.

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