Tata Group company: There has been a rapid rise in the share prices of Tata Group company Voltas in the last one year. In December 2023, the price of one share of Voltas was Rs 827. Which has now reached the level of Rs 1485. That means, since then, the company’s share prices have seen an 80 percent jump. Let us tell you, Voltas shares have seen a rise of 172 percent in the last 4 years.
Company’s sales increased
The company’s performance in the first quarter of the current financial year was quite excellent. During this period, stock prices have seen an increase of 33 percent. This time the heat in the country had broken all records. In the month of April, the temperature in many parts of the country broke all old records. Due to which the company’s products have been sold rapidly.
Rail Vikas Nigam gave another big good news, share is making new record every day
According to SEMA report, during April to June, due to the heat, AC sales reached 60 lakh units. Which is 50 percent more than last year. Voltas dominates the country’s AC market.
The company was successful in reaching its targets
Voltas had achieved the target of selling 20 lakh units for the financial year 2023-24. According to the data, the company had sold 1 million ACs in the first 110 days of this year. Let us tell you that despite the competition, Tata Voltas’ market share remains at 18.7 percent.
It is expected that the room air condition market can achieve the target of Rs 50 thousand crore by 2028-29. Experts have expressed hope that this market can grow with a CAGR of 12 percent. Let us tell you, Voltas will get a big benefit from this. The company has a long list of products.
