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Voltas Gains 4%; BSE CONSUMER DURABLES Index Up 1.0%
Mon, 19 Aug 14:3

Voltas Gains 4%; BSE CONSUMER DURABLES Index Up 1.0%Image source: ipopba/www.istockphoto.com

Voltas share price has zoomed 4% and is presently trading at Rs 1,597.6.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,295.5 (up 1.0%).

Among the top gainers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (up 3.5%) and VAIBHAV GEMS (up 3.0%).

Bajaj Electricals (down 2.8%) and ORIENT ELECTRIC (down 0.3%) are among the top losers today.

Over the last one year, Voltas has moved up from Rs 825.2 to Rs 1,597.6, registering a gain of Rs 772.4 (up 93.6%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,980.5 to 61,295.5, registering a gain of 42.6% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 175.3%), Blue Star (up 134.8%) and Voltas (up 93.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,407.3 .

The top losers among the BSE Sensex today are M&M (down 2.0%) and Axis Bank (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,569.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,407.3, registering a gain of 15,005.4 points (up 22.9%).

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 89.5.

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