Voltas shares drop 0.21% as Sensex rises
Voltas Ltd. traded 0.21 per cent down at Rs 1430.45 at 02:05PM (IST) on Friday, even as BSE benchmark Sensex gained 820.96 points to 79707.18.
The scrip had closed at Rs 1433.55 in the previous session. The stock quoted a 52-week high price of Rs 1560.0 and 52-week low of Rs 794.15, respectively. As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 9625 shares with a turnover of Rs 1.37 crore.
At the prevailing price, shares of the company traded at 188.33 times its trailing 12-month EPS of Rs 7.62 per share and 6.27 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.17.
Shareholding Details
Promoters held 30.3 per cent stake in the company as of 30-Jun-2024, while FIIs owned 15.08 per cent and DIIs 25.34 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 40.16. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts
