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    Voltas rises 0.27% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 60.83, while the price-to-book value ratio stood at 7.49.

    macdGetty Images
    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    Shares of Voltas Ltd. traded at Rs 904.05 on BSE at 01:29PM (IST) on Friday, up 0.27 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 868.7 and a high of Rs 1356.9.

    Earlier, shares of the company saw a gap down opening in the morning.

    A total of 35,552 lakh shares changed hands on the counter till 01:29PM (IST).

    The stock of Voltas Ltd. commanded a market value of Rs 29878.89 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 60.83, while the price-to-book value ratio stood at 7.49. Return on equity (ROE) was at 9.16 per cent, according to exchange data.

    In the BSE500 pack, 380 stocks traded in the green, while 121 stocks were in the red.

    The stock's beta value, which measures volatility in relation to the broader market, stood at 1.17.

    Promotor/FII Holding
    Promoters held 30.3 per cent in Voltas Ltd. as of 31-Mar-2022 while foreign and domestic institutional investors owned 24.67 per cent and 17.27 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 1102.5 on September 30, while the 50-DMA was at 971.06. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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