Yes Securities has sell call on Voltas with a target price of Rs 800. The current market price of . is Rs 874.15.

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 28916.02 Crore) operating in Consumer Durables sector. 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.

Investment Rationale
The stock is continuously trading below its 10-column average on P&F chart, implying weakness

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.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

,

Source link

By Dipak

Leave a Reply

Your email address will not be published. Required fields are marked *