News for Voltas Limited (VOLTAS.BO)

The Indian market is showing signs of stabilization despite global economic concerns and FII outflows. Nifty is in a corrective phase, with a trend reversal contingent on breaking the 23,807 level. The Bank Nifty remains range-bound, and select stocks like Kotak and HDFC Bank show potential. Metal stocks, especially Tata Steel and JSW Steel, are poised for upside, driven by global factors.

An analyst from Axis Securities said that Jio Financial Services is currently trading at its lowest levels since its listing and has underperformed relative to the broader market in recent times.

Shares of Voltas Ltd and Blue Star surged, driven by expectations of strong demand for air conditioners due to an anticipated early and intense summer in India. Voltas climbed 3.2% and Blue Star jumped 9.2%, outperforming the broader market. The Indian Meteorological Department forecasts above-normal temperatures, fueling demand for cooling appliances.

Stocks including Bajaj Auto, Tech Mahindra, Paytm, RailTel, Indian Overseas Bank, NCC, Voltas, Tata Communications and auto stocks will be in the spotlight on Monday, March 03.

The brokerage projects Nifty in the 21,800-25,700 range, based on 17.0-20.0X December 2026F earnings. In a best-case scenario, Nifty could reach 25,700, reflecting a 12% upside. However, the Japanese brokerage advises investors to stay selective and avoid overvalued stocks, emphasizing a cautious approach amid current market conditions.

It had posted a consolidated net loss of Rs 27.60 crore in the October-December period a year ago

US-based Whirlpool Corp announced a reduction of its stake in Whirlpool of India from 51% to around 20% by one or more market sales, generating $550-$600 million. The move aims to increase the Indian unit's autonomy and focus on growth, despite a share price drop by 20% after the announcement.

US-based Whirlpool Corp announced a reduction of its stake in Whirlpool of India from 51% to around 20% by one or more market sales, generating $550-$600 million. The move aims to increase the Indian unit's autonomy and focus on growth, despite a share price drop by 20% after the announcement.

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

The NSE Nifty index closed 86.41 points up at 23249.5

Voltas stock fell 12.21% to Rs 1296 on BSE today. Market cap of the firm slipped to Rs 43,599 crore.

The NSE Nifty index was trading 125.21 points up at 23288.3

In the Nifty pack, 46 stocks were trading in the green, while 4 stocks were trading in the red.

Stocks including Tata Motors, Bajaj Finance, Infosys, Afcons Infrastructure, Voltas, GRSE, Raymond, JK Cement, GR Infra and more will be in the spotlight on Thursday, January 30.

Stocks including Bajaj Auto, Tata Motors, Suzlon Energy, BHEL, JSW Infra, GMR Airports, ITD Cementation and more will be in the spotlight on Wednesday, January 29.

Buzzing stocks, stocks to watch: Religare, ITD Cementation, MobiKwik, KFin Tech, ITC Hotels, Autoline Industries, OneSource, Lloyds Enterprises, HG Infra, Grasim

Data available from ACE Equity shows that the Indian equity benchmark BSE Sensex, has slipped 12% from its 52-week high of 85,978

A total of 12,904 shares changed hands on the counter till 01:27PM (IST).

Notable companies selected include Hindalco Industries Limited, LG Electronics India Private Limited, Voltas Limited and Blue Star Climatech Limited, which committed a combined additional investment of ₹1,173 crore.