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Godrej, Blue Star See Premium Push After Voltas' 1-Million-AC Sales Signal Strong Summer Demand
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Stocks to Watch today: RIL, RVNL, Voltas, Sun Pharma, TaMo, Bharat Forge
Stocks to Watch today: RIL, RVNL, Voltas, Sun Pharma, TaMo, Bharat Forge, Dalmia Bharat are among other stocks that will be in focus today.
Stocks in news: Sun Pharma, Tech Mahindra, Tata Motors, Voltas, ONGC
Indian markets saw a dip on Friday, with IT stocks leading the decline. Analysts suggest profit-taking occurred near the 24,150 mark. Despite this, the broader recovery trend remains intact above 23,700. Several companies like Sun Pharma, Tata Motors, and ONGC are in focus due to significant business developments, including acquisitions, order wins, and strategic repositioning.
Voltas, Crompton, Blue Star rally up to 5% on late monsoon; check top picks
Shares of air-conditioner makers jumped up to 5 per cent on Wednesday as a delayed monsoon and persistent heatwave boosted demand expectations.
Summer Is Blazing, But AC Sales? Not So Much
Major players including Voltas Ltd., Blue Star Ltd., Daikin India and Godrej Appliances are reporting sales growth of 15-20% compared to last year — far below industry expectations of 25-30%.
Top Gainers & Losers on May 18: Gland Pharma, Coforge, PB Fintech, BSE, Voltas, Bharti Airtel among top gainers
Indian stocks marginally gained on May 18, driven by strong tech buying and pharma support, with Nifty 50 up 0.03% at 23,649 and BSE Sensex at 75,263. However, the broader market faced pressure as Nifty Midcap 100 and Nifty Smallcap 100 fell.
Q4 Results LIVE Updates: JSW Steel, Muthoot react to results; Tata Steel, Power Grid report today
Q4 Results LIVE Updates: Two Nifty 50 companies Tata Steel and Power Grid along with broader market names like ITC Hotels, Hindustan Copper, Godfrey Phillips, Gland Pharma, Cochin Shipyard, Deepak Nitrite, Balrampur Chini, Arvind, Bajaj Electricals, Aarti Drugs, Aether Industries, Alembic Pharma, NCC, NHPC, Premier Energies, SAIL, SJVN, Solara Active Pharma, Symphony, Thangamayil, Triveni Engineering, VST Tillers, are among the companies reporting their earnings today. JSW Steel, Muthoot Finance, Apollo Tyres, Endurance Tech, Voltas, are some of the other result reactions today. Watch this space for all the LIVE updates.
AC players feel the heat as unseasonal rain pours cold water on summer demand
Shares of Blue Star have declined in five out of the last six trading sessions, during which the stock has corrected by 12%. Shares of Voltas too have dropped in five out of the last six sessions, and have corrected 11% during this period.
Blue Star, Voltas, and LG Electronics best placed for summer demand surge: Equirus Securities
Equirus Securities expects room air conditioner volumes to grow around 20% this calendar year. Manoj Gori, Associate Director – Equity Research said AC prices are already up about 7–8% due to currency depreciation and raw material costs.
Heatwave Impact: AC makers Blue Star, Voltas, Havells shares surge up to 5%
AC stocks Blue Star, Voltas, LG Electronics India gained as parts of the country started getting warmer this week. AC makers are said to have increased their rates as well ahead of peak summer, while Blue Star on Tuesday launched its new range of room air-conditioners for the summer.
AC makers raise prices by 5–15% ahead of summer as input costs climb
Room air-conditioner prices are rising by 5-15% as manufacturers face higher costs for copper, aluminium, and freight. This price adjustment is happening between February and April, just before the peak summer demand. Companies like Daikin, Voltas, and Blue Star are implementing these hikes. Despite the increase, sales are expected to grow due to forecasts of a hot summer.
Blue Star, Voltas, other AC shares gain up to 5% as monsoon progress likely delayed
The delayed advance of the monsoon has raised expectations of sustained demand for air conditioners and cooling products.