Voltas Ltd News

Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Shares of air-conditioner makers rally up to 7% amid heat wave alert

Analyst at Jefferies believes FY24E should see both Air-Conditioner (AC) and Engineering segments of Voltas being in a sweet spot.

With peak summer season ahead, Voltas may see volumes and margin gains

Q3 was disappointing on account of one-offs, margins pressures

Power stocks surge as govt orders coal-based plants to run at full capacity

The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer

Voltas posts net loss of Rs 110.49 cr in Q3 on overseas provisions

Air conditioning and engineering services provider Voltas Ltd on Thursday reported a consolidated net loss of Rs 110.49 crore for the third quarter ended December 2022 on account of provisioning made on overseas projects. The Tata group firm had posted a consolidated net profit of Rs 96.56 crore in the October-December quarter last fiscal, Voltas said in a regulatory filing. Its revenue from operations was up 11.82 per cent to Rs 2,005.61 crore during the quarter under review as against Rs 1,793.59 crore in the year-ago period. Voltas had a profit before exceptional items and tax of Rs 56.93 crore in the third quarter of FY23. Its expenses on exceptional items were at Rs 137.39 crore. "The profit was impacted due to provision of Rs 137 crore (exceptional item) made on overseas projects," Voltas said in its earning statement. Its total expenses stood at Rs 1,946.72 crore, up 17.89 per cent from Rs 1,651.27 crore a year ago. Voltas' revenue from "unitary cooling products for comfor

Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows

Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows

Consumer Index sees trend reversal ahead of Budget; M&M, ITC near breakout

If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better

Mehul Kothari recommends to buy Astral, Voltas

The technical analyst from Anand Rathi recommends to keep a stop on Astral at Rs 1,860 and Voltas at Rs 815.

Mehul Kothari is bullish on Voltas, Aegis Logistics; check why

Right from the month of April 2022; VOLTAS has been trading in a strong corrective mode and has come down from 1300 mark towards 850 mark