Voltas faces heat despite cool weather; Jefferies, Nomura, and Nuvama cut targets or ratings (Image: Canva) It’s been a tough summer for Voltas, not just because of the unexpected rains. The stock has ...
Voltas refrained from price hikes in Q3, given the seasonally weak demand, and instead focused on boosting sales volume. Demand for consumer durable products is set to rise, fuelled by the income tax ...
Shares of air-conditioning maker and engineering services provider Voltas Ltd tumbled 12% in early deals on Thursday after the firm reported weaker-than-expected Q3 earnings. Voltas stock fell 12.21% ...
Voltas share price rose 3% to ₹1379.30 after LIC increased its stake above 5%. Despite a 28% drop in one year, analysts remain cautious due to demand pressures but anticipate recovery in Q3 supported ...
Voltas reports significant drop in RAC secondary sales during April and May High inventory levels persist at 6-8 weeks affecting primary sales Company offers freebies instead of broad price cuts to ...
Voltas' revenue from operations rose 14.23 per cent to Rs 2,619.11 crore during the quarter under review from Rs 2,292.75 crore in the year-ago period. Total expenses of Voltas, an air-conditioning ...
The shares of Voltas dropped nearly 3 percent on December 19 after the after the air-conditioner maker's analyst group meeting as the brokerages anticipate subdued demand. The shares of the popular ...
Consumer durables, led by room air conditioners (RACs), are growing at a high pace. Yet, RACs — at 7-8 per cent — are underpenetrated in India, which points to a long growth runway. Voltas, which is ...
Voltas MD Mukundan Menon said air conditioner prices to rise by 5-15 per cent this year owing to higher copper prices and the rupee weakening against the dollar. At the launch of its company’s summer ...