Voltas shares down 0.73% as Nifty gains
A total of 12,149 shares changed hands on the counter till 12:22PM (IST).
NEW DELHI: Shares of traded 0.73 per cent down in Wednesday's trade at 12:22PM (IST). Around 12,149 shares changed hands on the counter.The scrip opened at Rs 1460.15 and touched an intraday high and low of Rs 1472.0 and Rs 1445.25, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 1500.0 and a 52-week low of Rs 745.0.
Total market cap of the . stood at Rs 48314.14 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 4257.3 crore for the quarter ended 31-Mar-2024, up 58.64 per cent from previous quarter's Rs 2683.61 crore and up 41.75 per cent from the year-ago quarter's Rs 3003.46 crore.
The net profit for latest quarter stood at Rs 116.44 crore, down 19.09 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 24.17 per cent stake in the company, while foreign institutional investors held 14.7 per cent and the promoters 30.3 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 191.72 and a price-to-book ratio of 6.27. 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.
. belongs to the Air Conditioners industry.
Source: Stocks-Markets-Economic Times
