Voltas Stock Dips Amid Rain Impact, Brokerage Cuts

  Published 1 year ago

Voltas shares drop 2.5% as unseasonal rains hit sales, brokers cut targets but maintain mostly bullish ratings.

  • Jefferies lowers PT to 1,680 rupees, cuts EPS by 6%, retains "buy".
  • Citi and Morgan Stanley flag FY26Q1 challenges, set PTs at 1,850 and 1,526 rupees, both "buy/overweight".
  • Nuvama, Motilal Oswal, DAM Capital downgrade to "neutral/hold" with PTs 1,190, 1,370 rupees.

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