Voltas Ltd Share Price (VOLTAS)

Voltas Stock Receives Buy Call from Motilal Oswal and UBS - 25 Apr, 2024

Motilal Oswal has maintained a buy call on Voltas stock with a revised price target of INR1,650 per share. The EPS estimates have been raised for FY24/FY25/FY26, and the company is expected to deliver EPS CAGR of 72% over FY24-26. UBS also upgraded the stock recommendation to buy from neutral on robust growth prospects.

Voltas Stock Upgraded by UBS After Strong Revenue Growth - 22 Apr, 2024

Brokerage firm UBS has upgraded Tata Group's Voltas Ltd. to buy and raised its price target by over 100%. The revised price target factors in potential market share gains and values the cooling segment at 55x 12-month forward earnings. Shares have rallied 26% this month.

Voltas Pursuing Growth Despite Low ROCE - 18 Apr, 2024

Voltas has an ROCE of 8.1%, underperforming the industry average of 14%. However, with increased capital and revenue, the company is pursuing growth despite short-term returns. If successful, this could lead to long-term stock performance. The high ratio of current liabilities to total assets at 41% may be a concern.

New Product Launches Expected to Boost Voltas Ltd's Revenue - 15 Apr, 2024

Appliances maker Voltas is expected to benefit from new product launches, contributing up to 60% of their annual revenue during summer.

Voltas Shares Surge on Strong Operating Performance - 10 Apr, 2024

Voltas Ltd's shares have surged following a strong operating performance in the March quarter, with conviction in the stock increasing. However, stock market analyst Kedia has suggested that investors book profits at current levels.

Voltas Reports Strong AC Sales Growth Despite Challenges - 09 Apr, 2024

Despite facing challenges in its EMP division and profitability due to rising costs, Voltas reported a remarkable 35% YoY increase in AC sales for FY24. However, the company hinted at rising input costs in FY24 due to supply chain constraints and uncertainties around inflation. EPACK Durable, a supplier of air conditioners and components, saw shares soar by 28% due to rising temperatures across India.

Voltas Achieves Record Sales of Air Conditioners in FY24 - 08 Apr, 2024

Shares of Voltas surged by up to 13% to hit their 52-week high after the company sold two million air conditioners in FY24. The Tata Group company reported a 72% volume growth in AC sales compared to the same quarter last year. Voltas registered a significant volume growth of 72% in AC sales during Q4 FY24.

Voltas Achieves Record Sales of Air Conditioners in FY24 - 07 Apr, 2024

Voltas achieved its highest-ever sales of air conditioners in FY24, selling over 2 million units with a volume growth of 35%. HSBC is bullish on the stock, maintaining a buy rating and increasing target price to Rs. 1,350 per share. ICICI Securities expects muted near-term performance.

HSBC Raises Target Price for Voltas Shares - 05 Apr, 2024

Brokerage firm HSBC has raised the target price for Voltas Ltd. shares and maintained a buy rating, citing an expected rise in earnings over the next few years. The company's unitary cooling products (UCP) division is predicted to experience increased profitability due to strong demand and decreased production costs. This news has led to a nearly two-year high for Voltas shares.

Voltas Ltd Stock Trades Slightly Up, MACD Signals Bullish Bias - 04 Apr, 2024

Shares of Voltas Ltd traded slightly up at Rs 1220.95 with a price-to-earnings ratio of 144.56 and a price-to-book value of 4.96. The company reported consolidated sales of Rs 2683.61 crore for the quarter ended 31-Dec-2023, up 13.53% from the previous quarters. The MACD signalled a bullish bias on the counter.

Voltas Shares Surge After Heatwave Warning - 02 Apr, 2024

Shares of Voltas gained between 2.5% to 5.4% after the Indian Meteorological Department issued a warning of higher than normal temperatures in central and western peninsular India between April to June this year.

Voltas Stock Trades Higher Amid Bullish Bias - 28 Mar, 2024

Voltas Ltd's stock is making higher lows and coming out of its upward sloping channel on weekly frame. Traders can buy for a target of Rs 1150 in the next 2-3 weeks, with stop loss at Rs 1075. The company has been experiencing strong revenue growth contributing to high P/S ratio.