Voltas shares gain 0.21% as Sensex rises
Voltas Ltd. traded 0.21 per cent up at Rs 1832.3 at 11:21AM (IST) on Wednesday, even as BSE benchmark Sensex gained 108.77 points to 82030.06.
The stock had settled at Rs 1828.4 in the previous session. The stock quoted a 52-week high price of Rs 1845.25 and 52-week low of Rs 806.9, respectively. As per BSE data, total traded volume on the counter till 11:21AM (IST) stood at 7073 shares with a turnover of Rs 1.29 crore.
At the current price, shares of the company traded at 132.52 times its trailing 12-month earnings per share of Rs 13.81 per share and 6.27 times its price-to-book value, exchange 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.
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