UCP margins to stabilize at 11-12%, earmarks INR5b capex for new facility We met management of Voltas (VOLT) to understand the industry trends and the company's progress in its various segments and projects. Key takeaways: Room AC (RAC) industry witnesses a strong start to FY20: After remaining weak over the last two years, RAC industry demand picked up strongly in April/May this year, helping VOLT to normalize inventory in the system. Demand was strong across regions (north, south and west) over the last two...