On December 16, 2024, Voltas share price traded 0.57% higher at ₹1,820.15 at 10:55 AM (IST), while the BSE benchmark Sensex rose by 338.44 points to 81,794.68. Voltas share price reached a 52-week high of ₹1,946.20 and a 52-week low of ₹849.75. As per BSE, the total traded volume for the stock stood at 0.29 lakh with a turnover of ₹2.55 crore.
At the current price, Voltas shares are trading at a price-to-earnings (P/E) ratio of 108.83x, based on its trailing 12-month earnings per share (EPS) of ₹16.75, and a price-to-book (P/B) ratio of 6.27, according to exchange data. A higher P/E ratio suggests that investors are willing to pay a premium for the stock, anticipating future growth. The P/B ratio, on the other hand, reflects the market’s valuation of the company’s inherent worth, even in the absence of growth.
The stock has a beta value of 1.1658, indicating its volatility in relation to the broader market.
As of September 30, 2024, promoters held a 30.3% stake in Voltas, while Foreign Institutional Investors (FIIs) owned 18.09%, and Domestic Institutional Investors (DIIs) held 37.15%.
For the 6 months ending September 30, 2024, Voltas reported a 33% increase in consolidated total income, reaching ₹7,726 crore, up from ₹5,794 crore in the same period last year. Profit before tax surged by 128%, reaching ₹657 crore compared to ₹288 crore in the previous year. Net profit after tax also saw significant growth, rising to ₹468 crore from ₹165 crore during the corresponding period in 2023.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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