Share price of Voltas jumps as Sensex drops 51.07 points
Voltas Ltd. gained 0.17 per cent to Rs 760.35 at 11:12AM (IST) in Wednesday's trade.
The counter hit a high of Rs 762.3 and low of Rs 753.85 so far during the session. The stock had closed at Rs 759.05 in the previous session.
The counter had a total traded volume of 11:12AM shares so far with a turnover of Rs 1.61 crore on BSE. The stock traded at a price-to-earnings multiple of 186.34 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 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 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 20.58 per cent and 32.69 per cent, respectively.Key Financials The company reported consolidated net 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. Its profit for the latest quarter stood at Rs 143.92 crore, down 21.23 per cent from the same quarter a year ago.
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