BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains reduce on Voltas
Second quarter earnings of Voltas misses expectation as inventory build-up for room ACs from first quarter lead to pricing pressure. Higher sales decline could imply loss of room AC market share. Outlook still weak for other segments.