Share price of Voltas rises as Nifty strengthens
Voltas Ltd. gained 0.12 per cent to Rs 866.35 in Monday's trade as of 12:38PM (IST). The stock hit a high price of Rs 869.45 and low of Rs 854.9 during the session.
The return on equity (ROE) for the stock stood at 2.47 per cent.
Traded volume on the counter stood at 12:38PM shares and turnover at Rs 0.67 crore around that time. The stock of Voltas Ltd. quoted a 52-week high price of Rs 935.65 and 52-week low prices of Rs 737.6, 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-2023, while overseas investors held 19.08 per cent and domestic institutional investors had 15.26 per cent.
Key Financials The company reported consolidated sales of Rs 3429.83 crore for the quarter ended 30-Jun-2023, up 14.2 per cent from previous quarter's Rs 3003.46 crore and up 22.72 per cent from the year-ago quarter's Rs 2794.75 crore.
Net profit after tax for the latest quarter stood at Rs 129.29 crore, up 18.75 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish 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.
