2 weeks ago

Voltas shares fall 18% as brokerages back Atomberg JV

Voltas shares fall 18% as brokerages back Atomberg JV
Voltas shares fall 18% in 6 months: Why Brokerages are bullish on Atomberg venture · financialexpress.com

Voltas is a company that makes air conditioners and other cooling products.

Recently, the price of Voltas shares went down by about 18 percent over six months.

That means people who bought the shares lost some money.

But the company actually made more money than before.

Its profit jumped by 53 percent in the first quarter of the year.

Voltas also sold more air conditioners than its competitors.

Some smart money experts, called brokerages, still like the company.

They are excited about a new partnership with another company called Atomberg.

Together they will make important air conditioner parts in India.

This could help Voltas get parts more easily and save money in the future.

Key facts

Stock decline (6 months)
18.2%
Q1 FY27 net profit
Rs 214 crore (up 53% YoY)
Q1 FY27 revenue
Rs 4,673.50 crore (up 19% YoY)
JV partner
Atomberg Innovation
JV structure
50:50
Initial compressor capacity
2.8 million units
JM Financial rating
Add, target Rs 1,400
Motilal Oswal rating
Neutral, target Rs 1,290

Sources

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