Share price of Voltas jumps as Sensex drops 57.57 points

The share price of Voltas Ltd. gained 4.75 per cent to Rs 1208.35 at 10:05AM (IST) in Tuesday's trade. The stock has hit a high of Rs 1215.2 and low of Rs 1158.7 so far during the session. The stock had closed at Rs 1153.45 in the previous session.

The counter has had a total traded volume of 95971 shares so far with a value of Rs 11.47 crore on the NSE. It traded at a price-to-earnings multiple of 143.01 and a price-to-book ratio of 4.96.

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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 47.88 per cent during the past one year, while the 30-share index advanced 27.01 per cent during the same period.

Voltas Ltd. belongs to the Air Conditioners industry.

Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 17.17 per cent and 18.81 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 2683.61 crore for the quarter ended 31-Dec-2023, up 13.53 per cent from the previous quarter's Rs 2363.73 crore and up 31.79 per cent from the year-ago quarter's Rs 2036.27 crore.

Loss for the latest quarter stood at Rs 30.41 crore, down 72.45 per cent from the same quarter a year ago.