Analysts turn cautious following a near 40 per cent gain in last three months
The company had posted a net profit of Rs 87.95 crore in the same quarter last fiscal year
Havells India reported healthy Q3 performance on the back of strong festive demand, market share gains and increased penetration in smaller towns
Among individual stocks, Tata Motors advanced 13 per cent to Rs 250 today in the intra-day trade, surging 26 per cent in the past two trading sessions
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
Better than expected performance, market share gains in room ACs improve earnings outlook
In Q2FY21,Voltas reported a healthy performance with consolidated revenue grew by 13 per cent year-on-year to Rs 1,613 crore led by revenue growth in all three segments.
Investment in domestic manufacturing capacities will stand them in good stead; OEMs like Amber Enterprises to also benefit
Airtel's stock has surpassed the hurdle around 540 levels
Air conditioning firm gains market share in room ACs, improves margins
The company gained market share in room air conditioners, improved margins
Its operating revenue plunged 51 per cent to Rs 1,297 crores from Rs 2,654 crores last year
Total income of the company during the quarter under review stood at Rs 1,364.34 crore, down 49.41 per cent from Rs 2,697.27 crore in the year-ago period
Godrej, Voltas, Prestige, Samsung and other appliances brands tune in to the growing chatter around household chores, pitch convenience on a budget
But, analysts have lowered earnings estimate due to high channel inventory
For the quarter under review, Voltas reported a 12.52 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 159.50 crore
Today, a total of 31 companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results
The RSI on Voltas' stock is also on the rise and has signaled a buy
While some importers might have to absorb costs to protect their market share, other indigenous manufacturers should benefit
The company had posted a consolidated net profit of Rs 78.08 crore in the same quarter last fiscal, Voltas said in a regulatory filing