Share price of Voltas jumps as Sensex gains 219.21 points

Share price of Voltas jumps as Sensex gains 219.21 points
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Synopsis

A total of 7,844 shares changed hands on the counter till 12:23PM (IST)

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Share price of Ltd. gained 0.68 per cent to Rs 1253.9 at 12:23PM (IST) in Wednesday's trade. The stock hit a high of Rs 1254.45 and low of Rs 1238.9 so far during the session. The stock had closed at Rs 1245.45 in the previous session.

The counter had a total traded volume of 12:23PM shares so far with a turnover of Rs 0.98 crore on BSE. The stock traded at a price-to-earnings multiple of 70.09 and a price-to-book ratio of 6.64.

A higher price-to-earnings ratio shows 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 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.

Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 30-Sep-2021, while FIIs and domestic institutional investors ownership stood at 22.31 per cent and 31.6 per cent, respectively.

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 the previous quarter's Rs 1860.17 crore and down 5.24 per cent from the year-ago quarter's Rs 1650.8 crore.

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

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