Share price of Voltas jumps as Sensex gains 97.37 points
Voltas Ltd. gained 0.73 per cent to Rs 882.0 at 11:47AM (IST) in Wednesday's trade.
The stock has hit a high of Rs 884.85 and low of Rs 869.55 so far during the session. The stock had closed at Rs 875.55 in the previous session.
The counter has had a total traded volume of 32982 shares so far with a value of Rs 288.0 crore on the NSE.
It traded at a price-to-earnings multiple of 187.03 and a price-to-book ratio of 4.96.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 9.14 per cent during the past one year, while the 30-share index advanced 12.59 per cent during the same period.
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-2023, while foreign investors and domestic institutional investors ownership stood at 19.08 per cent and 15.26 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 3429.83 crore for the quarter ended 30-Jun-2023, up 14.2 per cent from the previous quarter's Rs 3003.46 crore and up 22.72 per cent from the year-ago quarter's Rs 2794.75 crore.
Profit for the latest quarter stood at Rs 129.29 crore, up 18.75 per cent from the same quarter a year ago.
