VOLTAS at All Time High; BSE CAPITAL GOODS Index Up 4.8%
September 23, 2019 09:45 AM

VOLTAS share price has hit an all-time high at Rs 704 (up 4.2%).

Meanwhile, the BSE CAPITAL GOODS Index is at 19,292 (up 4.8%).

Among the top gainers in the BSE CAPITAL GOODS Index today are VOLTAS (up 4.2%) and HONEYWELL AUTOMATION (up 2.6%).

SADBHAV ENGINEERING (down 0.2%) and V GUARD INDUSTRIES (down 0.2%) are among the top losers today.

Over the last one year, VOLTAS has moved up from Rs 565 to Rs 704, registering a gain of Rs 140 (up 23.3%).

The BSE CAPITAL GOODS has moved up from 18,058 to 19,292, registering a gain of 1,234 points (up 4.9%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were SIEMENS (up 52.1%), KALPATARU POWER (up 48.3%) and BHARAT ELECTRONICS (up 37.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,346 (up 1.9%). The top gainers among the BSE Sensex stocks today are ITC (up 7.6%), ASIAN PAINTS (up 6.4%) and INDUSIND BANK (up 6.4%). Other gainers include L&T (up 6.2%) and HUL (up 5.5%). The most traded stocks in the BSE Sensex are ITC and SBI.

In the meantime, NSE Nifty is at 11,666 (up 2.1%). The top gainers in the NSE Nifty include ITC (up 7.8%), GAIL (up 7.3%) and BPCL (up 7.1%). Other gainers include BRITANNIA (up 7.1%) and INDUSIND BANK (up 6.7%).

Over the last 12 months, the BSE Sensex has moved up from 36,842 to 39,346, registering a gain of 2,504 points (up 5.1%).

VOLTAS Financial Update...

VOLTAS net profit stood at Rs 2 billion for the quarter ended June 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 77.9% to Rs 26.5 billion during the period as against Rs 14.9 billion in April-June 2018.

For the year ended March 2019, VOLTAS reported 0.7% increase in net profit to Rs 5.8 billion compared to net profit of Rs 5.7 billion during FY18.

Revenue of the company grew 10.8% to Rs 71 billion during FY19.

The current Price to earnings ratio of VOLTAS, based on rolling 12 month earnings, stands at 40.6x.