Market

Voltas shares gain 1.32% as Sensex rises

Shares of Ltd. traded 1.32 per cent higher in Tuesday’s session at 01:01PM (IST). The stock opened at Rs 965.45 and has touched an intraday high and low of Rs 972.0 and Rs 955.05, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1131.2 and a 52-week low of 428.0. About 57,598 shares changed hands on the counter so far.

Benchmark Nifty50 was up 22.15 points at 14656.30, while the BSE Sensex traded 88.27 points higher at 48806.79 at the time of writing of this report.

In the Nifty pack, 24 stocks traded the day in the green, while 26 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2046.26 crore, up 23.96 per cent from the previous quarter’s Rs 1650.8 crore and up 32.29 per cent from the year-ago quarter. The company reported net profit of Rs 127.91 crore for the latest quarter.

Promoter Holdings

Promoters held 30.3 per cent stake in the company as of 31-Mar-2021, while FIIs held 14.38 per cent and MFs 24.35 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 813.69 on May 04, while the 50-DMA was at Rs 998.02. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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