Stock of Interest

Posted On: August 8, 2023

Stock Report: VOLTAS (NSE) 07 Aug 23 

Voltas Limited, an Indian multinational company with its headquarters in Mumbai, specializes in the design, development, manufacturing, and sale of various home appliances. Their product range includes air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, and water dispensers. Notably, Voltas holds the distinction of being India’s largest air conditioning company in terms of market share. The company came into existence on 6th September 1954 in Mumbai as a result of a collaboration between Tata Sons and Volkart Brothers. Currently, Noel Tata serves as the chairman, while Pradeep Bakshi holds the position of the company’s CEO and managing director. 

#xCalData predicts # VOLTAS will continue its Bullish phase over the next five days and trend in the range of 819 to 900.65. 

In comparison to the previous month, the price of the stock has experienced an increase of 7.49% indicating a bullish.    

The Stock has doubled twice since 07 Jan 2015 and took an average of 3.0 years to double.   

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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