New Delhi: Today, on Thursday at 2:08 PM, shares of Voltas Ltd. were up by 1.99%. About 15,270 shares were traded at that time. The stock started the day at ₹1,637.70 and reached a high of ₹1,650.75 and a low of ₹1,574.25.
Voltas Ltd. has a 52-week high of ₹1,946.20 and a low of ₹989.35. According to Niftystat, their market value is ₹52,802.59 crore.
Company Performance
In the latest financial report, Voltas earned ₹2,724.58 crore in sales for the quarter that ended on September 30, 2024. This is a decrease of 45.52% from the previous quarter when they made ₹5,001.27 crore. However, compared to last year, this is an increase of 15.27% from ₹2,363.73 crore. The company’s profit for this quarter was ₹133.99 crore, which is a huge leap of 265.29% from the same quarter last year.
Ownership Details
As of September 30, 2024, different groups hold shares in Voltas. Domestic Institutional Investors have 24.36%, Foreign Institutional Investors have 18.08%, and the company’s promoters own 30.3%.
Stock Valuation
The shares are currently priced with a P/E ratio of 95.27, which shows that investors expect strong future growth. The price-to-book ratio is 6.27, suggesting that investors value the company even if it doesn’t grow right away.
Voltas Ltd. operates in the Air Conditioner industry.
—
Leave a Reply