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Voltas hits new high, soars 7% on hopes of demand recovery

The stock has rallied nearly 25 per cent in the last eight trading sessions hoping for demand to pick up ahead of the festive season and short summer in West India

Voltas- consumer durables
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Voltas- consumer durables

SI Reporter Mumbai
Shares of Voltas hit a new high at Rs 1,199.95, soaring 7 per cent on the BSE in intra-day trade on Tuesday. The stock of Tata Group company was quoting higher for the eight straight day and has rallied 25 per cent during this period on expectation of demand recovery ahead of the festive season and short summer in West India.

Voltas, with its proud Tata legacy, is India’s undisputed leader in cooling products and the No. 1 room air conditioner (RAC) brand. The company is also an engineering solutions provider and a project specialist.

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