Voltas Shares Slip After Analyst Meet as Brokerages Flag Weak Near-Term Demand

Shares of Voltas slipped nearly 3% on December 19 after the company’s analyst meet, as brokerages flagged weak near-term demand and rising cost pressures. The stock hit a four-session low of ₹1,364.50 before closing around 2% lower at ₹1,372.60. HDFC Securities said demand is likely to remain subdued in Q3, prompting a 3–4% cut in FY26 revenue estimates. Antique Stock Broking cited elevated channel inventory as a key overhang, while Nirmal Bang expects operations to normalise from Q4 as volume pressures ease. JM Financial said conditions are improving but cautioned it is “not yet time to rejoice,” noting Q3 industry demand may still decline, albeit less than Q2 due to pre-buying ahead of new energy norms from January 2026. Motilal Oswal maintained a ‘Neutral’ view, while Elara Capital retained an ‘Accumulate’ rating with limited upside. Brokerages also warned that higher input costs, rupee depreciation and high inventory could pressure margins in the near term. Voltas shares are down over 2% in the past month and nearly 25% in 2025 so far. #Voltas #StockMarketNews #BrokerageViews #ConsumerDurables #IndianEquities #MarketUpdate