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Demand recovery in durables, growth expectations drive rally in Voltas

The company has been able to gain share in cooling products despite strong competitive pressures

Topics
Voltas | Voltas stocks | air conditioner market

Ram Prasad Sahu  |  Mumbai 

The stock of the country’s largest air conditioner company Voltas, has ended in the positive territory for the last ten consecutive trading sessions (since August 26) gaining 27 per cent during this period. Prior to the recent surge, the stock, which hit its all time high on Thursday, has been underperforming its peers in the consumer durable space.

The underperformance had led to brokerage upgrades due to valuation discount to peers as well as expectations of a recovery in air conditioner volumes. The room air conditioner sector volumes saw a fall of 30 per cent in FY21 with a ...

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First Published: Thu, September 09 2021. 19:35 IST
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