Voltas shares down 1.93% as Sensex falls

Shares of Voltas Ltd. fell 1.93 per cent to Rs 1251.45 in Friday's session as of 01:13PM (IST) even as the equity benchmark Sensex traded 311.9 points lower at 57283.78.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1356.9 and a 52-week low of Rs 918.0 on NSE. Around 52334 shares changed hands on the counter till 01:13PM (IST).

The stock opened at Rs 1280.0 and has touched an intraday high and low of Rs 1293.55 and Rs 1249.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 74.12, earnings per share (EPS) of Rs 16.9 and price to book value (PB) of 6.64, while the return on equity (ROE) stood at Rs 10.51.

Promoter/ FII Holding
The promoters held 30.3 per cent stake in the company as of March 25, while FII and MF ownerships stood at 24.42 per cent and 19.75 per cent, respectively.

Key Financials
With a market capitalisation of Rs 41440.0 crore, the company operates in the Air Conditioners industry. 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 same quarter a year ago. The company reported net profit of Rs 95.98 crore for the latest quarter, down 24.96 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 52.97. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.