Share price of Voltas jumps as Sensex drops 142.39 points
A total of 8,352 shares changed hands on the counter till 11:16AM (IST)
Share price of gained 1.1 per cent to Rs 1317.85 at 11:16AM (IST) in Thursday's trade. The stock hit a high of Rs 1323.2 and low of Rs 1304.95 so far during the session. The stock had closed at Rs 1303.45 in the previous session.The counter had a total traded volume of 11:16AM shares so far with a turnover of Rs 1.09 crore on . The stock traded at a price-to-earnings multiple of 169.4 and a price-to-book ratio of 6.27.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
belongs to the Air Conditioners industry.
Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 14.7 per cent and 40.22 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 4257.3 crore for the quarter ended 31-Mar-2024, up 58.64 per cent from the previous quarter's Rs 2683.61 crore and up 41.75 per cent from the year-ago quarter's Rs 3003.46 crore.
Its profit for the latest quarter stood at Rs 116.44 crore, down 19.09 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
