Voltas shares fall 2.49 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 43.71 on Thursday.
Shares of fell 2.49 per cent to Rs 1286.2 in Thursday's trade as of 12:58PM (IST) even as the benchmark ruled at 22047.1, down 255.41 points.The scrip had closed at Rs 1319.1 in the previous session. The stock quoted a 52-week low of Rs 745.0 and a high of Rs 1500.0. The company quoted a market-cap of Rs 43647.01 crore on the .
On BSE, 51,837 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 169.4 times its trailing 12-month EPS of Rs 7.62 per share and 6.27 times its book value. The return on equity (ROE) stood at Rs 4.32.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 4257.3 crore, up 41.75 per cent from the same quarter a year ago. The company reported 19.09 per cent YoY de-growth in net profit at Rs 116.44 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
