Shares of Voltas received mixed brokerages calls after the company’s analyst meet, with some reducing target prices while some upgraded their rating on the stock.
This comes after a sharp run down in Voltas shares this year amid multiple headwinds. After hitting a 52-week high of Rs 1,583 apiece in February this year, the stock dropped more than 30% in less than seven months to hit a fresh 52-week low of Rs 1,100 on Tuesday. The shares of the Tata Group-company have fallen 11% in just one month.
