Voltas share price: Voltas shares fall 1.19% as Sensex falls

Shares of . traded down 1.19% to 864.55 rupees at 1:49 p.m. (IST) on Thursday, even as BSE benchmark Sensex fell 109.07 points to 58998.12.

The stock stood at Rs 875.0 in the previous session. The stock quoted a 52-week high of Rs 1347.75 and a 52-week low of Rs 857.9, respectively. According to BSE data, the total trading volume on the counter till 13:49 (IST) stood at 10,967 shares with a turnover of Rs 0.95 crore.

At the current price, the company’s shares were trading at 58.27 times its 12-month earnings per share of 14.84 rupees per share and 7.49 times its price-to-book ratio, according to data from the BSE.

A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.

The price-to-book ratio indicates the inherent value of a company and reflects the price investors are willing to pay even if the company does not grow. The stock’s beta, which measures its volatility relative to the broader market, was 1.17.

Shareholding details

The promoters held 30.3% of the company’s capital as of March 31, 2022, while the FIIs held 24.67% and the DIIs 17.27%.

Techniques

On the technical charts, the relative strength index (RSI) of the stock stands at 33.44. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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