Voltas shares rise 1.13 per cent in Monday's trading session

Voltas shares rise 1.13 per cent in Monday's trading session
ETMarkets.com
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Synopsis

The Relative Strength Index of the stock stood at 56.0 on Monday.

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of Ltd. rose 1.13 per cent to Rs 1233.15 in Monday's trade as of 12:12PM (IST) even as the benchmark Nifty ruled at 17520.25, up 166.2 points.

The scrip had closed at Rs 1219.35 in the previous session. The stock quoted a 52-week low of Rs 812.3 and a high of Rs 1356.9. The company quoted a market-cap of Rs 40346.43 crore on the BSE.

On BSE, 15,771 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 68.26 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 Monday. 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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