&w=3840&q=100)
Brokerages cut EPS estimates, downgrade Voltas on weak RAC demand outlook
According to JM Financial, Voltas and the overall RAC industry saw a 20-25 per cent year-on-year (Y-o-Y) volume decline in April and May, primarily due to unseasonal weather.
Tanmay Tiwary New Delhi
Listen to This Article
Brokerages on Voltas: Brokerages have turned cautious on air conditioner (AC) maker Voltas, downgrading the stock and cutting FY26/27 earnings estimates despite the company's strong March quarter (Q4) and full-year FY25 performance.
On the bourses, Voltas share s fell up to 2.39 per cent to hit an intraday low of ₹1,261.65 per share on Wednesday, June 18, 2025. Around 9:20 AM, Voltas shares continued to trade lower, down 1.44 per cent at ₹1,273.95. In comparison, BSE Sensex was trading 0.11 per cent lower at 81,489.89 levels.
The EPS revisions followed an analyst call where management flagged a
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
27 minutes ago
- Economic Times
Rupee falls as corporate dollar bids, elevated oil prices weigh
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee declined on Wednesday on the back of persistent corporate hedging activity and elevated oil prices as market participants continued to fret over escalating hostilities in the Middle rupee ended at 86.4775 against the U.S. dollar, down nearly 0.3% from its close of 86.24 in the previous currency slipped past 86.50, a closely watched psychological support level, to hit its weakest level in over two months before slightly paring pointed to dollar bids from local corporates, including oil companies, and speculative interest on wagering against the local currency among factors that hurt the prices remained elevated - albeit cooling off the highs hit on Tuesday - as markets weighed the chance of supply disruptions from the Iran-Israel conflict. Brent crude oil futures were last quoted at $75.5 per tepid risk sentiment also weighed on Asian equity markets with India's benchmark equity indexes, the BSE Sensex and Nifty 50 , logging a fall of about 0.2% the dollar-rupee forward premiums nudged higher. The 1-month forward premium rose to 10 paisa, with traders citing paying interest spurred by arbitrage between non-deliverable and onshore 1-year dollar-rupee implied yield also ticked up to 1.83%.Price action on the dollar-rupee pair is "cementing the upward bias," a trader at a foreign bank said, adding that further escalations in the Iran-Israel conflict could push it closer to in the day, the focus will be on the U.S. Federal Reserve's policy central bank is widely expected to keep rates unchanged with updates to its future economic projections and remarks from Chair Jerome Powell keenly awaited by market participants."The Fed will likely consider any oil price shock as much a threat to growth as to inflation," DBS Bank said in a note.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
ADAG stock, Reliance Infra, up 5% in weak market; what's behind the rally?
Reliance Infrastructure share price today Shares of Anil Ambani group company, Reliance Infrastructure, were locked in the 5-per cent upper circuit at ₹386.05 on the BSE in Wednesday's intraday trade, bucking the weak market trend. In comparison, the BSE Sensex was down 0.41 per cent at 81,249 at 02:26 PM. A combined 2.69 million shares have, together, changed hands on the NSE and the BSE thus far in trade. Further, there were pending buy orders for a combined around 1 million shares on these exchanges, data shows. In the past one month, Reliance Infrastructure shares have outperformed the market by surging 38 per cent as compared to a 1 per cent decline in the BSE Sensex. Currently, Reliance Infrastructure is trading under 'T' or Trade-for-Trade (T) group. The T group is a surveillance measure that requires securities to be settled on a trade-to-trade basis. Meanwhile, the stock price of the integrated power utilities company hit a 52-week high of ₹421 on June 11, 2025. It has zoomed 113 per cent from its March 2025 low of ₹198, which it touched on the BSE. Why is Anil Ambani-led group stock, Reliance Infrastructure, up 5% today? Dassault Aviation and Reliance Infrastructure' subsidiary, Reliance Aerostructure Limited (RAL), announced a landmark strategic partnership at the Paris Air Show today. The two companies will manufacture Falcon 2000 business executive jets in India for the global markets. The partnership represents a significant step in advancing India's aerospace manufacturing capabilities. Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time in its storied history. This pioneering initiative will see India emerge as a strategic center for high-end business jet manufacturing. "It also marks a historic moment for Indian aerospace and manufacturing industry, as the landmark agreement paves way for India's entry into the elite club of countries producing next-generation business jets, alongside the United States, France, Canada, and Brazil," Reliance Infrastructure said in a media release. Dassault Aviation will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of Falcon 2000 to Dassault Reliance Aerospace (DRAL). The transfer of assembly operations, combined with major facility upgrades, will pave the way for the first flight of Falcon 2000 'Made in India' from Indian soil by 2028, the company said. Meanwhile, in an another exchange filing, Reliance Infrastructure informed the stock exchanges that the company has allotted 12.5 million equity shares to promoter group entity, Risee Infinity Private Limited, at a price of ₹240 per share (including a premium of ₹230 per share), aggregating ₹300 crore, upon accelerated conversion of warrants. Reliance Infrastructure said that the capital infusion will strengthen the company's growth trajectory. This enhances financial flexibility and supports sustainable growth, positioning the company to capitalise on future opportunities and drive long-term value creation. Earlier, Reliance Infrastructure had made a preferential issue of 125.6 million warrants, aggregating ₹3,014.40 crore, in October 2024. A minimum upfront amount of 25 per cent was paid on the warrants and the balance 75 per cent amount was payable in 18 months. Fully paid warrants are convertible into equivalent numbers of equity shares. About Reliance Infrastructure Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector. Reliance Infrastructure is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects. Reliance Infrastructure through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis and road projects on build, operate and transfer (BOT) basis. The company is also a leading utility company having presence in power distribution.
United News of India
an hour ago
- United News of India
Sensex dips by 138.64 points
Mumbai, June 18 (UNI) Counting its downward streak for the second straight session, the BSE Sensex on Wednesday declines 138.64 points to close at 81,444.66, tracking negative cues from global peers amid rising geopolitical tensions between Israel and Iran. The National Stock Exchange (NSE), too, fell by 41.35 points to settle at 24,812.05. The Sensex opened lower at 81,314.62 against its previous close of 81,583.30 and fell to an intraday low of 81,237.01; it recorded the day's high at 81,858.97. The NSE registered a day's high at 24,947.55 and a day's low at 24,750.45 Mid-cap fell by 0.34 pc and the small-cap by 0.34 pc. The market breadth was weak on the BSE as 1,532 share rose and 2,444 shares fell. A total of 139 shares were unchanged. Among sectoral indices barring consumer durables, auto and bankex which were up by 0.75 pc, 0.37 pc and 0,03 pc, all other sectoral indices ended the session in red with IT being the top sectoral loser. Other losers were commodities by 0.66 pc, energy by 0.41 pc, FMCG by 0.47 pc, financial 0.17 pc, healthcare 0.52 pc, industrial 0.40 pc, telecom 0.01 pc, utilities 0.75 pc, capital goods 0.48 pc, metal 0.65 pc, Oil & gas by 0.47 pc, power 0.67 pc, realty 0.46 pc and Teck by 0.53 pc. In 30 scrips, 10 advanced while 20 declined. Top five losers were TCS by 1.58 pc to Rs 3,459.65, Adani ports by 1.55 pc to Rs 1,370.10, HUL by 1.34 pc to Rs 2,297.60, Nestle India by 1,25 pc to Rs 2,332 and Bajaj finsv by 1.19 pc to Rs 1.979.85. Top five gainers were Indus Bank by 5.12 pc to Rs 860.60, Titan by 1.99 pc to Rs 3,472.95, M&M by 1.24 pc to Rs 3,045.80, Maruti by 1.12 pc to Rs 12,735.80 and Asian Paints by 0.74 pc to Rs 2,281.15. European stocks advanced on Wednesday. Asian shares traded mixed, as escalating tensions between Israel and Iran weigh on investor sentiment. On the Wall Street, all three major averages ended the trading day lower. The Dow Jones Industrial Average lost 299.29 points, or 0.70%, to close at 42,215.80. The S&P 500 shed 0.84% to end at 5,982.72, while the Nasdaq Composite fell 0.91% and settled at 19,521.09.
