Voltas shares fall 1.37 per cent in Friday’s trading session


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Shares of Voltas Ltd. fell 1.37 per cent to Rs 1479.85 in Friday’s trade as of 02:00PM (IST) even as the benchmark Nifty ruled at 24080.7, up 36.21 points.

The scrip had closed at Rs 1500.45 in the previous session. The stock quoted a 52-week low of Rs 745.0 and a high of Rs 1550.5. The company quoted a market-cap of Rs 49655.87 crore on the BSE.

On BSE, 13,933 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 197.05 times its trailing 12-month EPS of Rs 7.62 per share and 6.27 times its book value. The return on equity (ROE) stood at Rs 4.32.

Key Financials

For the quarter ended 31-Mar-2024, Voltas Ltd. reported consolidated sales of Rs 4257.3 crore, up 41.75 per cent from the same quarter a year ago. The company reported 19.09 per cent YoY de-growth in net profit at Rs 116.44 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

Forrás: eredeti cikk

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