Voltas stock: Sentiment weak on concerns over volumes, margins

Though analysts say May has been better and June has seen some improvement, there are other pressure points

Shares of Voltas, which slipped to their nine-month low on Monday, have lost more than 20 per cent since their 2018 highs seen in April. While the recent concern emanated from reports of Tata Sons (the promoter) selling stake in Voltas to fund investments in the aerospace and defence businesses, the larger issue has been on the business front. On the news of stake sale, Voltas has clarified to exchanges that it was unaware of any such development and no such proposal had been discussed by its board. 

However, analysts at Jefferies observe that if the stake sale does happen, it