Share price of Voltas jumps as Sensex gains 134.2 points

economictimes.indiatimes.com:

Voltas Ltd. gained 2.35 per cent to Rs 1520.35 at 11:31AM (IST) in Monday's trade. The counter hit a high of Rs 1528.0 and low of Rs 1470.35 so far during the session. The stock had closed at Rs 1485.4 in the previous session.
The counter had a total traded volume of 11:31AM shares so far with a turnover of Rs 2.78 crore on BSE. The stock traded at a price-to-earnings multiple of 195.15 and a price-to-book ratio of 6.27.

A higher price-to-earnings 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-2024, while foreign investors and domestic institutional investors ownership stood at 14.7 per cent and 40.22 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 4257.3 crore for the quarter ended 31-Mar-2024, up 58.64 per cent from the previous quarter's Rs 2683.61 crore and up 41.75 per cent from the year-ago quarter's Rs 3003.46 crore.
Its profit for the latest quarter stood at Rs 116.44 crore, down 19.09 per cent from the same quarter a year ago.