Voltas shares up 1.06% as Nifty gains

Voltas shares  up  1.06% as Nifty  gains

NEW DELHI: Shares of Ltd. traded 1.06 per cent up in Thursday’s trade at 10:31AM (IST). Around 7,313 shares changed hands on the counter.

The counter opened at Rs 1013.95 and touched an intraday high and low of Rs 1016.0 and Rs 1005.65, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1131.2 and a 52-week low of Rs 428.0.

As per BSE, the total market cap of the Voltas Ltd. stood at Rs 33468.99 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2046.26 crore for the quarter ended 31-Dec-2020, up 23.96 per cent from previous quarter’s Rs 1650.8 crore and up 32.29 per cent from the year-ago quarter’s Rs 1546.76 crore.

The net profit for latest quarter stood at Rs 127.91 crore, up 47.18 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2020, domestic institutional investors held 25.88 per cent stake in the firm, while foreign institutional investors held 14.55 per cent and the promoters 30.3 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 75.03 and a price-to-book ratio of 3.7. 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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