Page 8 - Voltas

Tata group's Voltas appoints Jitender Verma as chief financial officer

Tata group consumer durables major Voltas Ltd on Monday said it has appointed Jitender P Verma as its chief financial officer (CFO). Verma, who was the senior Executive Vice President and Group CFO and a Member of the Board and Executive Committee of Thoresen Thai Agencies Public Ltd Company, Thailand, will succeed Anil George, who has decided to separate from the services of the company due to personal commitments, Voltas Ltd said in a regulatory filing. His appointment is with effect from July 19, 2021, it added. With over three decades of experience in organisations ranging from Asian conglomerates to American and European multinationals, Verma has worked in diversified manufacturing sectors, FMCG - food, agro, retail, electronics, and infrastructure, the company said. He was also Executive Director and Group CFO of Jindal Stainless Ltd. His expertise is "in the area of business strategy and planning, merger and acquisitions, P&L enhancement, restructuring, JV and strategic ..

Trading calls by Ajit Mishra of Religare Broking: Buy HDFC Bank, M&M

HDFC Bank has also rebounded sharply and surpassed the resistance zone of moving averages ribbon on the daily chart

Voltas consolidated net profit jumps 49 pc to Rs 239 cr in March quarter

Voltas Ltd, a Tata Group company and leading air-conditioner manufacturer, on Wednesday reported a 49 per cent jump in its consolidated net profit at Rs 239 crore for the quarter ended March 31, 2021.

SRF, Jindal Steel: Will the likely inclusion in MSCI index trigger a rally?

Tata Motors DVR, Intellect Design and SKF India are among the stocks that may be added to the MSCI SmallCap index

Losers and gainers in Indian industry as fuel prices climb to record high

Expensive retail fuel can trigger inflation, hurting a fragile economic recovery. Devangshu Datta explains who loses - and gains somewhat - when prices rise

Cool prospects for consumer durable firms as temperature set to soar

Indian Meteorological Department (IMD) expects day temperatures to remain above-normal in select regions across the country between March to May 2021

Rich valuations may weigh on Voltas' cool outlook despite stellar Q3 show

Analysts turn cautious following a near 40 per cent gain in last three months

Voltas Q3 profit jumps 46% at Rs 129 crore; total income rises 32%

The company had posted a net profit of Rs 87.95 crore in the same quarter last fiscal year

Consumer Durables index at new high; Voltas, Crompton, Polycab up over 5%

Havells India reported healthy Q3 performance on the back of strong festive demand, market share gains and increased penetration in smaller towns

Tata group shares rally; Tata Consumer, Tata Chemicals, Voltas at new highs

Among individual stocks, Tata Motors advanced 13 per cent to Rs 250 today in the intra-day trade, surging 26 per cent in the past two trading sessions

Stock suggestions by Gaurav Garg of CapitalVia: Buy Maruti Suzuki, Voltas

The stock of Maruti Suzuki India might show further strength if it moves above 7,620

Voltas impresses street, scores over peers with strong show in Sep quarter

Better than expected performance, market share gains in room ACs improve earnings outlook

Voltas hits fresh record high on restructuring plan of B2B business

In Q2FY21,Voltas reported a healthy performance with consolidated revenue grew by 13 per cent year-on-year to Rs 1,613 crore led by revenue growth in all three segments.

AC import ban to drive market share gains for Voltas, Blue Star and Havells

Investment in domestic manufacturing capacities will stand them in good stead; OEMs like Amber Enterprises to also benefit

Stock picks by Religare Broking: Buy Bharti Airtel, Godrej Consumer

Airtel's stock has surpassed the hurdle around 540 levels

Voltas outruns peers in lockdown-hit Q1, expands market share in room ACs

Air conditioning firm gains market share in room ACs, improves margins

Voltas outperforms peers in a challenging quarter marred by lockdowns

The company gained market share in room air conditioners, improved margins

Voltas pre-tax profit drops 58% in June quarter; revenue plunges 51%

Its operating revenue plunged 51 per cent to Rs 1,297 crores from Rs 2,654 crores last year

Voltas Q1 profit drops 51% to Rs 81.7 cr; income dips 49.4% to Rs 1,364 cr

Total income of the company during the quarter under review stood at Rs 1,364.34 crore, down 49.41 per cent from Rs 2,697.27 crore in the year-ago period

Durables makers script advertising narratives around new lockdown lifestyle

Godrej, Voltas, Prestige, Samsung and other appliances brands tune in to the growing chatter around household chores, pitch convenience on a budget