HomeBusinessVoltas shares fall 1.54% as Nifty drops

Voltas shares fall 1.54% as Nifty drops

Shares of Ltd. traded 1.54 per cent down at Rs 1013.0 on Monday at round 01:31PM (IST), whereas the benchmark BSE Sensex superior 34.64 factors to 52379.09.

As many as 13,019 shares modified palms on the counter with a complete worth of Rs 1.32 crore.

The inventory quoted a 52-week excessive value of Rs 1131.2 and a 52-week low of Rs 529.4.

On the technical charts, the 200-DMA of the inventory stood at Rs 880.58, whereas 50-DMA was at Rs 999.88. If a inventory trades above 50 DMA and 200 DMA, it normally means the quick development is up. Alternatively, if the inventory trades under 50 DMA and 200 DMA each, it’s thought-about a bearish development and if it trades between 50DMA and 200DMA, then it suggests the inventory can go wherever.

Shares of the corporate have superior 84.72 per cent previously one 12 months, whereas Sensex has risen 55.06 per cent throughout the identical interval.

Based on BSE knowledge, the inventory trades at a price-to-earnings a number of of 63.7 and a price-to-book ratio of three.7. The next P/E ratio reveals buyers are keen to pay a better value due to higher future development expectations. Worth to e book worth signifies the inherent worth of an organization and displays the value that buyers are able to pay even for no development in a enterprise. The inventory belongs to the Air Conditioners business.

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