Voltas shares up 0.28% as Nifty falls

Shares of Voltas Ltd. rose 0.28 per cent to Rs 906.65 in Wednesday's trade. It hit an intraday high of Rs 910.0 and low of Rs 896.7, respectively, during the day.

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

As of 11:52AM (IST), the counter saw total traded volume of 12,105 shares with a traded value of Rs 1.09 crore, according to NSE.

The stock had closed at Rs 904.15 in the previous session.

The scrip has declined -9.98 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -2.96 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 61.13 while price-to-book ratio stood at 7.49. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Air Conditioners industry.

Promoter/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FII and MF ownership in the firm stood at 24.67 per cent and 17.27 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2794.75 crore for the quarter ended 30-Jun-2022, up 3.36 per cent from the previous quarter's Rs 2703.78 crore and up 50.24 per cent from the year-ago quarter's Rs 1860.17 crore. Its net profit for the latest quarter stood at Rs 108.88 crore, down 10.61 per cent from the same quarter a year ago.