Voltas shares drop 1.9% as Sensex falls

Voltas shares drop 1.9% as Sensex falls
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 99,315 shares changed hands on the counter till 02:05PM (IST)

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of . traded 1.9 per cent down at Rs 980.6 at 02:05PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 33.72 points to 58102.64. The stock had settled at Rs 999.6 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1356.9 and Rs 923.5, respectively.

As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 02:05PM shares with turnover at Rs 9.67 crore.

At the prevailing price, the stock trades at 65.98 times its trailing 12-month earnings per share of Rs 14.84 per share and 7.49 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.17.

Shareholding Details
Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.19 per cent and DIIs 27.84 per cent.
Experience Your Economic Times Newspaper, The Digital Way!

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Voltas Ltd.. Explore Now