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Voltas Gains 4%; BSE CONSUMER DURABLES Index Down 0.3%
Wed, 16 Oct 15:30

Voltas Gains 4%; BSE CONSUMER DURABLES Index Down 0.3%Image source: Nikada/www.istockphoto.com

Voltas share price has zoomed 4% and is presently trading at Rs 1,878.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 66,161.3 (down 0.3%).

Among the top gainers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (up 5.9%) and WHIRLPOOL OF INDIA (up 1.2%).

Blue Star (down 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (down 1.7%) are among the top losers today.

Over the last one year, Voltas has moved up from Rs 852.2 to Rs 1,878.0, registering a gain of Rs 1,025.8 (up 120.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,517.6 to 66,161.3, registering a gain of 42.2% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 184.0%), Blue Star (up 126.1%) and Voltas (up 120.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,481.1 (down 0.4%).

The top losers among the BSE Sensex today are M&M (down 2.9%) and Infosys (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,959.9 (down 0.4%). Trent and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,481.1, registering a gain of 15,314.1 points (up 23.1%).

Voltas Financial Update...

Voltas net profit grew 127.1% YoY to Rs 3,644 million for the quarter ended June 2024, compared to a profit of Rs 1,605 million a year ago. Net sales rose 46.5% to Rs 49,210 million during the period as against Rs 33,599 million in April-June 2023.

For the year ended March 2024, Voltas reported 82.1% increase in net profit to Rs 2,481 million compared to net profit of Rs 1,362 million during FY23. Revenue of the company grew 31.4% to Rs 124,812 million during FY24.

The current Price to earnings ratio of Voltas, based on rolling 12 month earnings, stands at 105.2.


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