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    Buy Voltas, target price Rs 925: Religare Broking

    Synopsis

    Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29129.44 Crore) operating in Consumer Durables sector.

    BuyiStock
    Voltas has been gradually inching higher. Expect the prevailing tone to continue..
    Religare Broking has buy call on Voltas with a target price of Rs 925. The current market price of Voltas is Rs 882.95. Religare Broking recommended to keep stop loss at Rs 845.

    Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29129.44 Crore) operating in Consumer Durables sector.

    Voltas 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 2036.27 Crore, up 11.11 % from last quarter Total Income of Rs 1832.74 Crore and up 11.74 % from last year same quarter Total Income of Rs 1822.34 Crore. Company has reported net profit after tax of Rs -77.87 Crore in latest quarter.

    The company’s top management includes Mr.Noel N Tata, Mr.Zubin S Dubash, Mr.Arun Kumar Adhikari, Ms.Anjali Bansal, Mr.Bahram N Vakil, Mr.Hemant Bhargava, Mr.D Sarangi, Mr.V Deshpande, Mr.Pradeep Bakshi, Mr.Saurabh Agrawal. Company has S R B C & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 33 Crore shares outstanding.

    Investment Rationale
    Voltas has been gradually inching higher. Expect the prevailing tone to continue.

    Promoter/FII Holdings
    Promoters held 30.3 per cent stake in the company as of 31-Dec-2022, while FIIs owned 21.58 per cent, DIIs 30.99 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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