Voltas shares up 0.02% as Nifty gains
Voltas Ltd. traded 0.02 per cent up in Friday's trade at 12:52PM (IST). Around 19,155 shares changed hands on the counter.
The scrip opened at Rs 1677.2 and touched an intraday high and low of Rs 1693.9 and Rs 1670.25, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1693.9 and a 52-week low of Rs 806.9.
As per BSE, the total market cap of the Voltas Ltd. stood at Rs 55916.21 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5001.27 crore for the quarter ended 30-Jun-2024, up 17.48 per cent from previous quarter's Rs 4257.3 crore and up 45.82 per cent from the year-ago quarter's Rs 3429.83 crore.
The net profit for latest quarter stood at Rs 334.23 crore, up 158.51 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 25.34 per cent stake in the firm, while foreign institutional investors held 15.08 per cent and the promoters 30.3 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 122.37 and a price-to-book ratio of 6.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Voltas Ltd. belongs to the Air Conditioners industry.
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