Voltas shines on aiming double digit growth in the air-conditioners' segment

18 Mar 2016

Voltas is currently trading at Rs. 259.05, up by 7.55 points or 3.00% from its previous closing of Rs. 251.50 on the BSE.

The scrip opened at Rs. 254.00 and has touched a high and low of Rs. 259.40 and Rs. 250.70 respectively. So far 66507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 360.00 on 23-Jun-2015 and a 52 week low of Rs. 211.20 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 259.65 and Rs. 242.25 respectively. The current market cap of the company is Rs. 8498.77 crore.

The promoters holding in the company stood at 30.31% while Institutions and Non-Institutions held 48.6 % and 21.03% respectively.

Voltas is aiming double digit growth in the air-conditioners segment on the back of launch of its new products as well expectations of a longer and normal summer season. Recently, the company introduced its Voltas All Star ACs range and All Weather Smart ACs range. It has now expanded its product portfolio to offer 150 variants of split ACs.

The company is also eyeing strong growth in the air cooler segment as it expanded this range from three models to 11 models for this summer season.

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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