Voltas shares rise 0.43 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 52.94 on Monday.
Shares of rose 0.43 per cent to Rs 1458.2 in Monday's trade as of 11:16AM (IST) even as the benchmark ruled at 24276.85, down 47.0 points.The scrip had closed at Rs 1451.95 in the previous session. The stock quoted a 52-week low of Rs 745.0 and a high of Rs 1550.5. The company quoted a market-cap of Rs 48474.61 crore on the .
On BSE, 7,138 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 192.36 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 Monday. 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
