Voltas shares gain 2.76% as Sensex rises

Shares of Voltas Ltd. traded 2.76 per cent higher in Wednesday's session at 10:10AM (IST). The stock opened at Rs 1238.0 and has touched an intraday high and low of Rs 1251.3 and Rs 1224.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1356.9 and a 52-week low of 918.0. About 13,790 shares changed hands on the counter so far.

Benchmark Nifty50 was up 219.65 points at 16882.65, while the BSE Sensex traded 739.9 points higher at 56516.75 at the time of writing of this report.

In the Nifty pack, 45 stocks traded the day in the green, while 5 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 1822.34 crore, up 4.89 per cent from the previous quarter's Rs 1737.35 crore and up 10.94 per cent from the year-ago quarter. The company reported net profit of Rs 95.98 crore for the latest quarter.

Promoter Holdings
Promoters held 30.3 per cent stake in the company as of 31-Dec-2021, while FIIs held 24.42 per cent and MFs 19.75 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1156.48 on March 16, while the 50-DMA was at Rs 1220.34. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.