Buy Voltas, target price Rs 720: Chandan Taparia
Chandan Taparia recommended to keep stoploss at Rs 680.
Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 22958.44 Crore) operating in Consumer Durables sector.
Voltas Ltd. key Products/Revenue Segments include Electrical Goods which contributed Rs 3651.10 Crore to Sales Value (62.60 % of Total Sales), Contract Revenue which contributed Rs 1579.31 Crore to Sales Value (27.07 % of Total Sales), Sale of services which contributed Rs 565.76 Crore to Sales Value (9.70 % of Total Sales), Other Operating Revenue which contributed Rs 32.10 Crore to Sales Value (0.55 % of Total Sales) and Scrap which contributed Rs 3.99 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1415.02 Crore, down -46.54 % from last quarter Sales of Rs 2646.67 Crore and up .02 % from last year same quarter Sales of Rs 1414.70 Crore Company has reported net profit after tax of Rs 116.43 Crore in latest quarter. The company’s top management includes Mr.Anil George, Mr.Arun Kumar Adhikari, Mr.Bahram N Vakil, Mr.D Sarangi, Mr.Hemant Bhargava, Mr.Noel N Tata, Mr.Pradeep Bakshi, Mr.V Deshpande, Mr.Zubin S Dubash, Ms.Anjali Bansal. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 330,884,740 shares outstanding.