Voltas shares drop 5.07% as Sensex falls
The stock quoted a 52-week high of Rs 1500.0 and a 52-week low of Rs 745.0.
Shares of traded 5.07 per cent lower in Wednesday's session at 02:09PM (IST). The stock opened at Rs 1281.4 and has touched an intraday high and low of Rs 1332.95 and Rs 1261.65, respectively, during the session so far.The stock quoted a 52-week high of Rs 1500.0 and a 52-week low of 745.0. About 197,457 shares changed hands on the counter so far.
Benchmark Nifty50 was down 11.6 points at 22290.9, while the BSE traded 74.85 points lower at 73437.0 at the time of writing of this report.
In the pack, 25 stocks traded the day in the green, while 25 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4257.3 crore, 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. The company reported net profit of Rs 116.44 crore for the latest quarter.
Promoter Holdings
Promoters held 30.3 per cent stake in the company as of 31-Mar-2024, while FIIs held 14.7 per cent and MFs 24.17 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 974.27 on May 08, while the 50-DMA was at Rs 1212.98. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
