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    Hold Voltas, target price Rs 1033: ICICI Securities

    Synopsis

    Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29576.13 Crore) operating in Consumer Durables sector.

    VoltasAgencies
    Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.19 per cent, DIIs 27.84 per cent.
    ICICI Securities has hold call on Voltas with a target price of Rs 1033. The current market price of Voltas Ltd. is Rs 890. Time period given by analyst is one year when Voltas Ltd. price can reach defined target.

    Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29576.13 Crore) operating in Consumer Durables sector.

    Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2794.75 Crore, up 3.36 % from last quarter Total Income of Rs 2703.78 Crore and up 50.24 % from last year same quarter Total Income of Rs 1860.17 Crore. Company reported net profit after tax of Rs 140.47 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.19 per cent, DIIs 27.84 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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