The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 2.14 crore on BSE. The stock traded at a price-to-earnings multiple of 56.57 and a price-to-book ratio of 6.64.
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 is the measure of the price that investors are ready to pay even for no growth in the business.
Voltas Ltd. belongs to the Air Conditioners industry.
Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 17.24 per cent and 33.87 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 1860.17 crore for the quarter ended 30-Jun-2021, down 30.67 per cent from the previous quarter’s Rs 2683.24 crore and down 36.34 per cent from the year-ago quarter’s Rs 1364.34 crore.
Its profit for the latest quarter stood at Rs 121.8 crore, up 50.09 per cent from the same quarter a year ago.
