Voltas shares up 0.2% as Nifty drops

Voltas shares up 0.2% as Nifty drops
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 10,358 shares changed hands on the counter till 10:51AM (IST).

Getty Images
NEW DELHI: Shares of Ltd. traded 0.2 per cent up in Thursday's trade at 10:51AM (IST). Around 10,358 shares changed hands on the counter.

The counter opened at Rs 1251.0 and touched an intraday high and low of Rs 1265.05 and Rs 1244.6, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1356.9 and a 52-week low of Rs 745.0.

As per BSE, the total market cap of the Voltas Ltd. stood at Rs 41181.91 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1737.35 crore for the quarter ended 30-Sep-2021, down 6.6 per cent from previous quarter's Rs 1860.17 crore and down 5.24 per cent from the year-ago quarter's Rs 1650.8 crore.

The net profit for latest quarter stood at Rs 103.61 crore, up 32.24 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2021, DIIs held 21.36 per cent stake in the firm, while foreign institutional investors held 22.31 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 69.68 and a price-to-book ratio of 6.64. 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.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Voltas Ltd.. Explore Now