Voltas share price: Voltas share gains 0.4% as Sensex increases

The shares of Ltd. traded 0.4% at Rs 1,254.7 at 11:17 am (IST) on Wednesday, even as the BSE benchmark Sensex gained 26.99 points to 59,771.87.

The stock had closed at Rs 1249.7 in the previous session. The stock listed a 52-week high of Rs 1269.0 and a 52-week low of Rs 656.55, respectively. According to ESB data, the total volume traded over the counter until 11:17 am (IST) stood at 24,189 shares with a turnover of Rs 3.03 crore.

At the current price, the stock was trading at 73.43 times its rolling 12-month earnings per share of 17.1 rupees per share and 6.64 times its price-to-book ratio, according to BSE data .



A higher price / earnings ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even when the business does not grow. The stock’s beta value, which measures its volatility relative to the overall market, was 1.17.

Shareholder details

The promoters held 30.3% of the company’s capital as of June 30, 2021, while the FIIs held 17.24% and the DII 22.64%.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 71.18. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a buy or sell recommendation using a single valuation ratio.

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