Shares of Voltas Limited jumped 5 percent to Rs 1,365 in early trade on April 22 after UBS upgraded the stock recommendation to 'buy' from 'neutral' on robust growth prospects.The international brokerage more than doubled the price target from Rs 885 to Rs 1,800, indicating a massive upside potential of over 38 percent of Rs 1,300. Analysts suggest that the company will 'surprise' on market share ...

Cool bullsVoltas shares have been on a roll of late. Conviction in the stock seems to have gone up in the last couple of sessions after the company surprised the Street with a strong operating performance in the March quarter. The proprietary desk of the Pearl brokerage had been steadily accumulating stock for HNI clients over the last few months even as most analysts tracking the sector were skep...

Domestic indices crashed over 1% in the intraday trade on Wednesday with Nifty slipping below 17,900 and Sensex below 60,300. The NSE Nifty 50 tanked 210 points or 1.19% to 17,899 while BSE Sensex fell 691.28 pts or 1.13% to 60,287.47. All the sectoral indices were trading in red with Bank Nifty falling nearly 1200 pts or over 2% to 41,540.30, Nifty IT falling 0.61%, Nifty Pharma slipped 1.03%, Ni...

Tata group company Voltas has said that it is the market leader in the split room AC market. The company said this in response to the claim by Japanese air-conditioning company Daikin that currently it is the market leader in this segment.Voltas has said that as far as the split AC category goes, it is ahead of Daikin by over 1,300 basis points in terms of market share for the year FY22 and in Apr...

Demand outlook: 1) Due to a strong heatwave across many parts of India, demand for room AC products was robust in the second half of March-22 and April-22. Demand eased in May-22 m-o-m because of a) high base in April-22, 2) category seasonality as well as 3) some underlying slowdown. We remain confident that the room AC industry will report 25% volume growth in FY23e and overall demand scenario f...