Voltas Ltd. Stock Sees -3.47% Dip, But Remains Strong in Air Conditioning Industry

Jun 19 2024 02:45 PM IST
share
Share Via
On June 19, 2024, Voltas Ltd.'s stock price decreased by -3.47%, despite hitting a new 52-week and all-time high of Rs.1550.5. The stock is currently trading above its moving averages, indicating a positive trend. However, the air conditioning sector has seen a decline of -2.37%. Voltas Ltd. has outperformed the Sensex in the past month with a 14.36% increase. MarketsMojo recommends holding positions in the stock.

Voltas Ltd., a leading player in the air conditioning industry, saw a dip in its stock price by -3.47% on June 19, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading financial advisory firm.

Despite the dip, Voltas Ltd. has been performing well in the market. The stock hit a new 52-week and all-time high of Rs.1550.5 on the same day. However, it underperformed the sector by -1.38% and saw a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs.1480.25, a decrease of -3.6%.

Voltas Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, the air conditioning sector as a whole has seen a decline of -2.37%.

In comparison to the overall market performance, Voltas Ltd. has seen a -3.46% decrease in its stock price, while the Sensex has seen a 0.48% increase. However, over the past month, Voltas Ltd. has outperformed the Sensex with a 14.36% increase compared to the Sensex's 4.95% increase.

Overall, Voltas Ltd. remains a strong player in the air conditioning industry with a large market cap. Investors are advised to hold their positions in the stock, as per MarketsMOJO's recommendation.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News