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Buy Voltas, price target Rs 755: Kunal Bothra

The analyst suggested a stoploss at Rs 722.

ETMarkets.com|
Last Updated: Feb 20, 2020, 08.44 AM IST
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Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 24265.43 Crore) operating in Consumer Durables sector.
Kunal Bothra has a buy call on Voltas Ltd. with a target price of Rs 755.0 . The current price of Voltas Ltd. is Rs 733.35 . Kunal Bothra recommended to keep a stoploss at Rs 722 .

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 24265.43 Crore) operating in Consumer Durables sector.

Voltas Ltd. key Products/Revenue Segments include Electrical Goods which contributed Rs 3631.08 Crore to Sales Value (54.25 % of Total Sales), Contract Revenue which contributed Rs 2483.72 Crore to Sales Value (37.10 % of Total Sales), Sale of services which contributed Rs 543.48 Crore to Sales Value (8.11 % of Total Sales), Other Operating Revenue which contributed Rs 29.26 Crore to Sales Value (0.43 % of Total Sales) and Scrap which contributed Rs 5.65 Crore to Sales Value (0.08 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1487.07 Crore, up 5.09 % from last quarter Sales of Rs 1415.02 Crore and up .22 % from last year same quarter Sales of Rs 1483.85 Crore Company has reported net profit after tax of Rs 106.68 Crore in latest quarter.

The company’s top management includes Mr.Anil George, Mr.V Deshpande, Mr.R N Mukhija, Mr.Pradeep Bakshi, Mr.Nani Javeri, Mr.N N Tata, Mr.Hemant Bhargava, Mr.D Sarangi, Mr.Bahram N Vakil, Mr.Arun Kumar Adhikari, Ms.Anjali Bansal. Company has S R B C & Co. LLP as its auditors As on 31-12-2019, the company has a total of 330,884,740 shares outstanding.

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