Voltas shares gain 0.42% as Sensex rises
The stock quoted a 52-week high of Rs 1500.0 and a 52-week low of Rs 745.0.
Shares of traded 0.42 per cent higher in Wednesday's session at 11:06AM (IST). The stock opened at Rs 1312.65 and has touched an intraday high and low of Rs 1316.3 and Rs 1301.5, 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 11,299 shares changed hands on the counter so far.
Benchmark Nifty50 was up 28.5 points at 22246.35, while the BSE traded 17.29 points higher at 73121.9 at the time of writing of this report.
In the pack, 30 stocks traded the day in the green, while 20 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 987.45 on May 15, while the 50-DMA was at Rs 1232.42. 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
