Voltas touched a new low on 5th March 09' at Rs.31.50 and this was despite the news of the company tying up with M/s Thies of Germany, whereby Voltas would sell and service Thies products in India.
The growth is expected to be negative in unitary coding products business. There has been an inventory pile up in mining and construction business, which can be cleared only if the spending on infra building as planned by the Govt picks up or gets implemented. Also its international market mainly comprises of Dubai, Abu Dhabi and Qatar and most of the work is with Govt or semi-Govt. But in these markets too, there is currently a slowdown and massive liquidity crunch and hence there is a probability of the orders getting postponed or coming in smaller lots till the situation gets better. Currently, in the domestic operation there is an order book of Rs. 1100 crore which is to be executed in 9-12 months. The total order book of the company in the project businesses, only segment doing very well, continues to be very comfortable at Rs. 5,334 crore.
Slowdown is very much a concern for Voltas and that is probably what the low share price is reflecting. Q4 is thus expected to be tough. thanks
Appost GDS Online Post Office Recruitment 2019
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Gramin Dak Sevak (GDS) recruitment open positions and application details
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6 years ago
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