Rich valuations may weigh on Voltas' cool outlook despite stellar Q3 show

Analysts turn cautious following a near 40 per cent gain in last three months

Topics
Voltas | Q3 results | Voltas stocks

Yash Upadhyaya  |  Mumbai 

Shares of India's largest air conditioning company, Voltas corrected more than 4 per cent from an intraday high on Tuesday and closed 2.1 per cent lower, as investors booked profits even as the firm reported better-than-expected results for the October-December (Q3) quarter.

Voltas’ earnings in the seasonally lean third quarter beat analyst expectations by a huge margin, thanks to all round growth across business segments. Revenue from the unitary cooling products (UCP) business rose 40 per cent over the corresponding quarter aided by pent-up demand and increased stocking by ...

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First Published: Tue, February 16 2021. 18:27 IST
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