Voltas slips 8%, hits lowest level since January 2021 on demand concerns

The management expects demand in Q2FY23 to be subdued for cooling products due to low seasonal demand

Voltas, AC

SI Reporter Mumbai
Shares of Voltas hit a 52-week low of Rs 883.20 on the BSE as they slipped 8 per cent in Friday's intra-day trade amid concerns that te July-September quarter (Q2FY23) may see subdued sales numbers due to low seasonal demand. With today's intra-day decline, the stock has corrected 35 per cent from its 52-week high level of Rs 1,357 touched on October 19, 2021.

The stock of the company, which is a global air conditioning and engineering services provider of the Tata Group, has fallen below its recent low of Rs 923.50, touched on May 16, 2022. It traded

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First Published: Sep 16 2022 | 3:19 PM IST

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