The return on equity (ROE) for the stock stood at 10.51 per cent. Traded volume on the counter stood at 10:00AM shares and turnover at Rs 3.98 crore around that time. The stock of Voltas Ltd. quoted a 52-week high price of Rs 1131.2 and 52-week low prices of Rs 627.0, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.17.
Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 30-Jun-2021, while FIIs held 17.24 per cent and domestic institutional investors had 22.64 per cent.
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 previous quarter’s Rs 2683.24 crore and down 36.34 per cent from the year-ago quarter’s Rs 1364.34 crore. Net profit after tax for the latest quarter stood at Rs 121.8 crore, up 50.09 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
