Tata Group company Voltas witnessed a 3 per cent jump in its share price to ₹1379.30 on Monday, September 29, after Life Insurance Corporation of India (LIC) said it has increased its shareholding in the firm above the 5 per cent threshold.
According to a regulatory filing under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, LIC purchased 2.01 lakh shares of Voltas through open market transactions on September 25, 2025.
Before the transaction, LIC held 1.65 crore shares, representing 4.99 per cent of Voltas’ paid-up equity share capital. Following the purchase, its holding has risen to 1.67 crore shares or 5.05 per cent of the company’s equity.
Voltas Share Price Trend
Voltas stock has lost over 28 per cent in the last one year. Meanwhile, it has shed 6 per cent in the last six months but added 5 per cent in the past three months.
In the long term (five years), the scrip has given multibagger returns, rising 100 per cent.
Currently, the Tata group stock is over 27 per cent away from its 52-week high of ₹1,901.00, hit in October 2024. Meanwhile, it touched its 52-week low of ₹1,135.55 in February 2025.
Analysts remain cautious on Volatas
Voltas Ltd faced a tough outlook for the second quarter, with Nuvama Institutional Equities highlighting elevated channel inventory levels of two to three months and demand pressures from expectations of a GST cut that have slowed sales momentum over the past five weeks.
Despite these near-term challenges, the company remained hopeful of a recovery in the third quarter, banking on festive season demand and the anticipated GST rate reduction. Voltas also planned to extend channel support and incentives through Q2 and potentially into Q3 to stabilise sales.
Nuvama said its projections remained broadly intact, with revenue, EBITDA, and PAT expected to clock a CAGR of 8 per cent, 6 per cent, and 10 per cent, respectively over FY25-28. The brokerage retained its ‘Reduce’ rating on the stock with a target price of ₹1,070, implying an over 22 per cent downside from the current market price of ₹1,419.40.
The brokerage pointed out that Voltas and the broader cooling products industry posted a decline in Q1 FY26, and the trend is likely to extend into Q2, owing to a high base effect. It added that a weak season and the upcoming BEE efficiency change, effective January 1, 2026, could intensify near-term challenges, forcing liquidation of elevated channel and brand inventories.
Voltas, however, is sharpening its focus on regaining market share in its core cooling segment, aided by the expected GST cut from 28 per cent to 18 per cent. The company is simultaneously broadening its appliances portfolio across RAC, dishwashers, refrigerators, washing machines, air coolers, and fans. Commissioning of its Chennai facility is also expected to strengthen medium-term growth prospects.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
