Page 7 - Voltas
LIC buys additional stake in Voltas for Rs 635 cr via open mkt transactions
Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake. LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022. The state-owned life insurer increased its shareholding from 2,27,04,306 shares (equivalent to 6.862 per cent) to 2,93,95,224 (8.884 per cent) in Voltas, according to a regulatory filing on Monday. Voltas is engaged in the business of air conditioning, refrigeration, electro-mechanical projects as an EPC (engineering, procurement and construction) contractor both in domestic and international market. Stock of LIC closed at Rs 633.30 apiece on BSE, up by 0.84 per cent, while Voltas scrip ended 1.24 per cent lower at Rs 834.40 apiece.
 "LIC buys additional stake in Voltas for Rs 635 cr via open mkt transactions")
Mehul Kothari is bullish on Voltas, Aegis Logistics; check why
Right from the month of April 2022; VOLTAS has been trading in a strong corrective mode and has come down from 1300 mark towards 850 mark
 "Mehul Kothari is bullish on Voltas, Aegis Logistics; check why")
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 slips 8%, hits lowest level since January 2021 on demand concerns")
Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea
Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.
 "Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea")
Voltas net profit falls 10.5% to Rs 109 cr; revenue up 55% to Rs 2,768 cr
Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a decline of 10.47 per cent in its consolidated net profit at Rs 109.62 crore in the first quarter ended June 30, 2022
 "Voltas net profit falls 10.5% to Rs 109 cr; revenue up 55% to Rs 2,768 cr")
Beaten down consumer durables still weak; Bajaj Electricals may buck trend
Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness.
 "Beaten down consumer durables still weak; Bajaj Electricals may buck trend")
Here's why Mehul Kothari is bullish on MCX India, Voltas
According to the technical analyst, MCX India has a classic setup, precise Bullish BAT pattern on the daily chart with N-wave completed near the potential reversal zone.
 "Here's why Mehul Kothari is bullish on MCX India, Voltas")
Voltas tanks 10% on disappointing March quarter results
The EBITDA margin declined by 268 bps YoY to 9.8 per cent on account of higher raw material cost and delay in price hikes.
Voltas signs JV pact with Highly International to manufacture compressors
The Tata group firm has executed the joint venture agreement on April 30, 2022 with Hong Kong-based Highly International
 "Voltas signs JV pact with Highly International to manufacture compressors")
Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave
Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.
 "Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave")
ICICI, HDFC Bank lift Sensex off lows, ends 617pts down; Tata Steel dips 4%
CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent
 "ICICI, HDFC Bank lift Sensex off lows, ends 617pts down; Tata Steel dips 4%")
Voltas stock to gain from improving demand led by rising temperatures
While pricing action is expected, margins may remain under pressure for Voltas.
 "Voltas stock to gain from improving demand led by rising temperatures")
Voltas gains 4%; nears record high on JV with Hong Kong firm
Highly International and Voltas will hold 60% and 40% stake in the joint venture company, respectively, and the JVC would have equity capital of Rs 250 crore to be contributed in tranches.
 "Voltas gains 4%; nears record high on JV with Hong Kong firm")
Stocks to Watch: SAIL, Adani Power, Tata Steel, Voltas, Oil India, BEML
Shares of Oil India will be in focus as the company has approved investment of Rs 6,555 crore in its subsidiary Numaligarh Refinery.
 "Stocks to Watch: SAIL, Adani Power, Tata Steel, Voltas, Oil India, BEML")
Margin pressures may cap upsides for Voltas; Dec quarter show mixed
After two dismal seasons, the sector is hoping for a recovery this year
Voltas third quarter consolidated net profit down 25% to Rs 97 crore
Voltas Ltd on Friday reported 24.93 per cent decline in The Tata group firm had posted a consolidated net profit of Rs 128.64 crore for the year-ago period, Voltas said in a regulatory filing
Sensex slides 773pts, Nifty ends below 17400 amid global pullback; IT bleed
All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively
 "Sensex slides 773pts, Nifty ends below 17400 amid global pullback; IT bleed")
Voltas reports 31% increase in second quarter profit at Rs 104.29 crore
The company has posted a consolidated net profit of Rs 79.66 crore in the same period last fiscal
HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival
 "HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks")
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