Voltas Limited share price traded at ₹1,418.50, up 2.21% (+₹30.70) at 10:30 AM on the NSE from its previous close of ₹1,387.80. The stock opened at ₹1,410, touched an intraday high of ₹1,421.55, and recorded a low of ₹1,388.40.
The resilience of cooling appliance stocks comes as the India Meteorological Department (IMD) forecasts above-normal temperatures across most parts of the country between March and May.
Rising temperatures are already being observed, with warmer-than-usual minimum temperatures expected, except in Northwest India and parts of the South.
This has fuelled expectations of strong demand for air conditioners and cooling appliances, boosting investor confidence in stocks like Voltas and Blue Star, as per news reports.
On February 28, 2025, Voltas successfully transferred its 92% stake in Saudi Ensas Company for Engineering Services W.L.L. to Universal MEP Projects, Singapore (UMPPL) for ₹61.84 crore.
The transaction was completed after securing all necessary approvals and meeting required conditions. This move is part of Voltas’ strategy to streamline operations and strengthen its global footprint.
The divestment has bolstered investor confidence, contributing to the recent rise in the company’s share price.
Founded in 1954, Voltas, a subsidiary of the Tata Group, is India’s largest air conditioning company, offering comprehensive engineering solutions across cooling products, engineering projects, and services.
The company holds a market capitalisation of ₹45,003.63 crore as of March 3, 2025, and is a key constituent of the NSE Midcap50 index.
Voltas’ recent share price surge reflects strong investor confidence driven by rising cooling demand, heatwave predictions, and strategic business moves. With the IMD forecasting above-normal temperatures, the demand for air conditioners is set to rise, further strengthening the company’s market position.
Additionally, the successful divestment of its Saudi Ensas stake aligns with Voltas’ long-term growth strategy, enhancing its operational efficiency and global presence.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 6, 2025, 10:38 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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