Voltas rises on selling close to 1.4 million AC units in January to August period
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Voltas is currently trading at Rs. 961.10, up by 5.75 points or 0.60% from its previous closing of Rs. 955.35 on the BSE.
The scrip opened at Rs. 964.00 and has touched a high and low of Rs. 967.25 and Rs. 958.00 respectively. So far 12161 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1356.90 on 19-Oct-2021 and a 52 week low of Rs. 923.50 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 984.95 and Rs. 950.00 respectively. The current market cap of the company is Rs. 31963.47 crore.
The promoters holding in the company stood at 30.30%, while Institutions and Non-Institutions held 54.32% and 15.38% respectively.
Voltas has sold close to 1.4 million AC units in the January to August period, amid an increase in demand for cooling products given the intense summer experienced across the country, coupled with the company's strong online and offline distribution network.
The company crossed this one-million-plus sales mark for the seventh consecutive year in a row. The brand is now gearing up to further expand its retail and distribution network, to cater to its ever-growing product portfolio, to get an additional edge over the competition.
Voltas is among India’s leading air-conditioning, refrigeration and engineering services companies.
