Voltas shares in focus after weak Q3 results. Should you buy, sell or hold?

Voltas shares could see heightened action after its net profit dropped 35.4% year-on-year in the December quarter of FY26. Revenue also saw a slight dip. The company’s room air conditioner business performed well despite seasonal challenges. Brokerages have mixed views, with some reiterating sell ratings due to margin concerns and joint venture losses. Others maintain equal weight, watching for margin recovery and operational readiness.