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Voltas Ltd. shares up 0.52% as Nifty gains

A total of 16,677 shares changed hands on the counter till 12:57PM (IST).

Last Updated: May 26, 2020, 12.57 PM IST
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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.
NEW DELHI: Shares of Voltas Ltd. traded 0.52 per cent up in Tuesday's trade at 12:57PM (IST). Around 16,677 shares changed hands on the counter.

The scrip opened at Rs 459.0 and touched an intraday high and low of Rs 459.0 and Rs 446.6, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 740.5 and a 52-week low of Rs 428.0.

Total market cap of the Voltas Ltd. stood at Rs 14970.88 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1487.07 crore for the quarter ended 31-Dec-2019, up 5.09 per cent from previous quarter's Rs 1415.02 crore and up 0.22 per cent from the year-ago quarter's Rs 1483.85 crore.

The net profit for latest quarter stood at Rs 86.91 crore, up 7.4 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 55.28 per cent stake in the firm, while foreign institutional investors held 19.74 per cent and the promoters 30.3 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 30.05 and a price-to-book ratio of 3.61. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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