Navratri Special from Religare Broking: Voltas can rally over 30% in next 9-12 months
Voltas is the market leader in the room air conditioner category with a market share of 24.1 per cent as on June 22. The Indian AC market, valued at Rs 193 billion, is expected to register double-digit growth over FY21-26 given the under penetration of ACs in India (4% v/s global average of 30%).