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Buy Voltas, price target Rs 775: Chandan Taparia

The analyst suggested a stoploss at Rs 700.

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Last Updated: Feb 24, 2020, 08.24 AM IST
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Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 23994.11 Crore) operating in Consumer Durables sector.
Chandan Taparia of Motilal Oswal Securities has a buy call on Voltas Ltd. with a target price of Rs 775.0 . The current price of Voltas Ltd. is Rs 726.25 . Chandan Taparia recommended to keep a stoploss at Rs 700 .

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 23994.11 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.

As on 31-12-2019, the company has a total of 330,884,740 shares outstanding.

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