Share price of Voltas jumps as Sensex gains 419.41 points

The share price of Voltas Ltd. gained 0.68 per cent to Rs 819.8 at 10:31AM (IST) in Monday's trade. The counter has hit a high of Rs 825.2 and low of Rs 815.05 so far during the session. The stock had closed at Rs 814.25 in the previous session.

The counter has had a total traded volume of 10309 shares so far with a value of Rs 0.85 crore on the NSE. It traded at a price-to-earnings multiple of 201.14 and a price-to-book ratio of 4.96.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 18.73 per cent during the past one year, while the 30-share index advanced 16.42 per cent during the same period.

Voltas Ltd. belongs to the Air Conditioners industry.

Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 20.57 per cent and 14.94 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3003.46 crore for the quarter ended 31-Mar-2023, up 47.5 per cent from the previous quarter's Rs 2036.27 crore and up 11.08 per cent from the year-ago quarter's Rs 2703.78 crore.

Profit for the latest quarter stood at Rs 143.92 crore, down 21.23 per cent from the same quarter a year ago.