Voltas shares up 1.16% as Nifty gains
Voltas Ltd. traded 1.16 per cent up in Tuesday's trade at 11:26AM (IST).
Around 9,748 shares changed hands on the counter.
The stock opened at Rs 821.6 and touched an intraday high and low of Rs 838.75 and Rs 821.6, respectively, in the session so far. Shares of the company of Voltas Ltd.
quoted a 52-week high of Rs 1015.4 and a 52-week low of Rs 737.6.
As per BSE, the total market cap of the Voltas Ltd. stood at Rs 28059.03 crore at the time of writing this report.
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.
The net profit for latest quarter stood at Rs 129.29 crore, up 18.75 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 15.26 per cent stake in the company, while foreign institutional investors held 19.08 per cent and the promoters 30.3 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 180.54 and a price-to-book ratio of 4.96.
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.
