Voltas strengthens on planning to raise product prices by 2-3%

04 Feb 2015

Voltas is currently trading at Rs. 271.25, up by 1.75 points or 0.65% from its previous closing of Rs. 269.50 on the BSE.

The scrip opened at Rs. 271.90 and has touched a high and low of Rs. 273.30 and Rs. 271.20 respectively. So far 24875 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 286.50 on 24-Nov-2014 and a 52 week low of Rs. 104.10 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 278.60 and Rs. 261.00 respectively. The current market cap of the company is Rs. 8917.34 crore.

The promoters holding in the company stood at 30.30% while Institutions and Non-Institutions held 47.87% and 21.83% respectively.

Air-conditioning maker Voltas is planning to increase its product prices by 2-3 per cent in mid-February onwards. Excise duty roll-back and increase in input costs have led to the decision. Meanwhile, the company will be rolling out its new products across its products range by mid-February.

Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.

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