Friday, 7 November 2014

Voltas gains on bagging order for chocolate coolers

Voltas is currently trading at Rs. 251.20, up by 1.05 points or 0.42 % from its previous closing of Rs. 250.15 on the BSE.
The scrip opened at Rs. 251.40 and has touched a high and low of Rs. 252.35 and Rs. 244.95 respectively. So far 49560 shares were traded on the counter.
The BSE group 'A' stock of face value Re. 1 has touched a 52 week high of Rs. 270.70 on 10-Sep-2014 and a 52 week low of Rs. 84.10 on 13-Nov-2013.
Last one week high and low of the scrip stood at Rs. 256.85 and Rs. 242.55 respectively. The current market cap of the company is Rs. 8189.40 crore.
The promoters holding in the company stood at 30.30%, while Institutions and Non-Institutions held 47.84% and 21.87% respectively.
Voltas has received an order for nearly 46,000 chocolate coolers from Cadbury. This success cements Voltas’ position as the market leader in Chocolate Coolers and Commercial Refrigeration products. The bulk of the orders were for the Counter-Top model of 33 litres capacity, popularly known as CT-33; and the remaining were for the 145 litres capacity Display Cooler (DC-145).
The company has also focused its efforts on customized product development and value engineering for this specialized unitary cooling product. The relationship between Voltas and Cadbury has resulted in more than 100,000 such coolers being put on the market by Cadbury as the preferred mode for selling their chocolates.
Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality. 

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