Voltas shares rise 1.33 per cent in Friday's trading session

Voltas shares rise 1.33 per cent in Friday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 58.08 on Friday.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Ltd. rose 1.33 per cent to Rs 1266.35 in Friday's trade as of 10:30AM (IST) even as the benchmark Nifty ruled at 17942.85, up 69.25 points.

The scrip had closed at Rs 1249.7 in the previous session. The stock quoted a 52-week low of Rs 746.0 and a high of Rs 1356.9. The company quoted a market-cap of Rs 41947.91 crore on the BSE.

On BSE, 16,119 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 70.97 times its trailing 12-month EPS of Rs 17.86 per share and 6.64 times its book value. The return on equity (ROE) stood at Rs 10.51.

Key Financials
For the quarter ended 30-Sep-2021, Voltas Ltd. reported consolidated sales of Rs 1737.35 crore, down 5.24 per cent from the same quarter a year ago. The company reported 32.24 per cent YoY growth in net profit at Rs 103.61 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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