Voltas shares up 0.8% as Nifty gains

NEW DELHI: Shares of Ltd. traded 0.8 per cent up in Friday's trade at 11:48AM (IST). Around 22,098 shares changed hands on the counter.

The stock opened at Rs 1031.9 and touched an intraday high and low of Rs 1037.3 and Rs 1024.35, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1131.2 and a 52-week low of Rs 529.4.

Total market cap of the Voltas Ltd. stood at Rs 34105.94 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 237.73 crore, up 49.84 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 24.35 per cent stake in the firm, while foreign institutional investors held 14.38 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 64.95 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.