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Voltas surges on launching ‘Voltas Fresh-Air Coolers’

05 May 2015

Voltas is currently trading at Rs. 290.50, up by 5.80 points or 2.04% from its previous closing of Rs. 284.70 on the BSE.

The scrip opened at Rs. 284.00 and has touched a high and low of Rs. 291.90 and Rs. 283.00 respectively. So far 79132 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 310.25 on 13-Apr-2015 and a 52 week low of Rs. 151.70 on 06-May-2014.

Last one week high and low of the scrip stood at Rs. 291.90 and Rs. 268.60 respectively. The current market cap of the company is Rs. 9597.31 crore.

The promoters holding in the company stood at 30.30% while Institutions and Non-Institutions held 48.56% and 21.14% respectively.

Voltas, India’s leading room air conditioner brand, has launched ‘Voltas Fresh-Air Coolers’. The new range comes with attractive features such as exclusive honeycomb cooling pads, carbonized dust filters and powerful air throw. With the launch of Voltas Fresh-Air Coolers, the company aims to bridge the wide gap between fans and ACs, and intends to be among top 3 brands in Air Coolers within next 3 years.

In parallel, the company has launched its new range of ‘All-Weather Smart’ ACs, offering an array of choices, and a number of distinctive features including: Smart Inverter Technology, which saves up to 63% power; a Smart (Android-based) mobile application that provides direct AC control from one’s handset; and Smart Sense technology, which can detect the ambient temperature and weather, and recommend the best AC settings. The new ‘All-Weather Smart’ AC line is expected to continue the growth momentum and sustain market supremacy.

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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