India's Voltas biggest loser on midcap index; brokerages cut target price after profit miss

Voltas

11/08/2025 05:09

** Voltas shares VOLT.NS slump 7.9% to 1,201 rupees, lowest since May 9

** Biggest loser on Nifty Midcap 50 index .NIMDCP50, which is down 0.05%

        ** AC maker's Q1 profit missed estimates on Friday

** Investec (rating: "hold") cuts PT to 1,140 rupees from 1,250 rupees; warns next few quarters may also disappoint

** Goldman Sachs (rating: "sell") cuts PT to 1,100 rupees from 1,180 rupees; adds, no positive triggers

** Jefferies (rating: "buy") trims PT to 1,670 rupees from 1,680 rupees; backs Voltas' brand strength, market leadership in under-penetrated segment

** Average rating among 35 analysts is "hold", median PT is 1,383 rupees - data compiled by LSEG

** YTD, stock down 32.9% vs NIMDCP50 down 1.2%

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))