Voltas Share Price: Voltas shares up 2.64% as Nifty gains

Shares of Ltd. rose 2.64 per cent to Rs 1117.45 in Monday’s trade. It hit an intraday high of Rs 1123.65 and low of Rs 1092.45, respectively, during the day.

The stock quoted a 52-week high price of Rs 1131.2 and low of Rs 631.55.

As of 10:05AM (IST), the counter saw total traded volume of 26,568 shares with a traded value of Rs 2.95 crore, according to NSE.

The stock had closed at Rs 1088.75 in the previous session.

The scrip has advanced 6.59 per cent in the past one month till date, while the benchmark BSE Sensex has gained 10.97 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 65.56 while price-to-book ratio stood at 6.64. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Air Conditioners industry.

Promoter/FII Holding
Promoters held 30.3 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 17.24 per cent and 22.64 per cent, respectively.

Key Financials
The company reported consolidated 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 net profit for the latest quarter stood at Rs 121.8 crore, up 50.09 per cent from the same quarter a year ago.

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