Voltas share price: Voltas shares drop 1.17% as Sensex falls

Shares of Ltd. traded 1.17 per cent lower in Monday’s session at 11:18AM (IST). The stock opened at Rs 1048.0 and has touched an intraday high and low of Rs 1048.0 and Rs 1021.1, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1131.2 and a 52-week low of 529.4. About 22,145 shares changed hands on the counter so far.

Benchmark Nifty50 was down 98.45 points at 15700.90, while the BSE Sensex traded 288.86 points lower at 52185.9 at the time of writing of this report.

In the Nifty pack, 15 stocks traded the day in the green, while 35 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 2683.24 crore, up 31.13 per cent from the previous quarter’s Rs 2046.26 crore and up 24.8 per cent from the year-ago quarter. The company reported net profit of Rs 237.73 crore for the latest quarter.


Promoter Holdings

Promoters held 30.3 per cent stake in the company as of 31-Mar-2021, while FIIs held 14.38 per cent and MFs 24.35 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 871.03 on June 14, while the 50-DMA was at Rs 995.58. 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.

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