Voltas share price: Jefferies maintain Buy with a price target of Rs 1250, know key risks
Temperatures have just started warming up in February, particularly in North India. Dealer checks suggest a healthy trend in consumer durables demand, with optimism that air-conditioner (AC) sales will pick-up with the summer onset. Q3 channel stocking helped dealers as prices rose 5-6% since Jan. 2021. Jefferies believes a consistent higher temperature in the next 2-3 weeks is important for the next leg up in voltas/Blue Star from current levels.
Dealers indicated there is no aggressive pricing currently between different brands. Samsung is gradually re-entering the market post its reduced focus a few years ago but will take some time for customer association: Image taken from companies website