The return on equity (ROE) for the stock stood at 9.16 per cent. Traded volume on the counter stood at 01:14PM shares and turnover at Rs 1.29 crore around that time. The stock of Voltas Ltd. quoted a 52-week high price of Rs 1356.9 and 52-week low prices of Rs 923.5, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.17.
Promotor/FII Holding
Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs held 24.67 per cent and domestic institutional investors had 17.27 per cent.
Key Financials
The company reported consolidated sales of Rs 2794.75 crore for the quarter ended 30-Jun-2022, up 3.36 per cent from previous quarter’s Rs 2703.78 crore and up 50.24 per cent from the year-ago quarter’s Rs 1860.17 crore. Net profit after tax for the latest quarter stood at Rs 108.88 crore, down 10.61 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.