Voltas shares drop 1.17% as Sensex rises
Voltas Ltd. traded 1.17 per cent lower in Thursday's session at 01:54PM (IST).
The stock opened at Rs 765.95 and has touched an intraday high and low of Rs 765.95 and Rs 751.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 1063.45 and a 52-week low of 737.6.
About 51,808 shares changed hands on the counter so far. Benchmark Nifty50 was up 123.4 points at 19507.7, while the BSE Sensex traded 483.62 points higher at 65877.52 at the time of writing of this report.
In the Nifty pack, 26 stocks traded the day in the green, while 24 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3003.46 crore, 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. The company reported net profit of Rs 143.92 crore for the latest quarter.Promoter Holdings Promoters held 30.3 per cent stake in the company as of 31-Mar-2023, while FIIs held 20.58 per cent and MFs 14.94 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 830.98 on July 13, while the 50-DMA was at Rs 792.5.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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