Rising demand for ACs pushes up Voltas stock

The stock of Voltas, the country’s largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution......

Voltas stock hots up on hopes of a cooler outlook

Due  to unseasonal rains, the second quarter of financial year 2023-24 (Q2FY24) was disappointing for the room-air conditioner (RAC) segment and Q3FY23 was also slow. While general......

Downgrades may pressure Voltas stock, quality control norms could impact sales

While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend "Buy/ Accumulate" in expectations of strong overall growth through FY26. In the July to September......

Tailwind ahead for consumer durables sector during festival season

It’s all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Photograph: PTI Photo from the Rediff Archives......

DDCA refutes allegations against former chief Jaitley

'No embezzlement took place during Jaitley's tenure.' 'There were only procedural lapses and we have compounded (paid fine) for those lapses.' IMAGE: AAP spokespersons Ashutosh, Raghav Chadha,......