Voltas share price: Share price of Voltas jumps as Sensex gains 84.71 points

Share price of Ltd. gained 0.43 per cent to Rs 1001.15 at 11:28AM (IST) in Tuesday’s trade. The scrip hit a high of Rs 1006.0 and low of Rs 995.6 so far during the session. The stock had closed at Rs 996.9 in the previous session.

The counter had a total traded volume of 11:28AM shares so far with a turnover of Rs 1.88 crore on BSE. The stock traded at a price-to-earnings multiple of 63.18 and a price-to-book ratio of 3.7.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Voltas Ltd. belongs to the Air Conditioners industry.

Promotor/FII Holding

Promoters held 30.3 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 14.38 per cent and 37.22 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 2683.24 crore for the quarter ended 31-Mar-2021, up 31.13 per cent from the previous quarter’s Rs 2046.26 crore and up 24.8 per cent from the year-ago quarter’s Rs 2150.09 crore.

Its profit for the latest quarter stood at Rs 237.73 crore, up 49.84 per cent from the same quarter a year ago.