Buy Voltas, target Rs 635: Manas Jaiswal
Buy Voltas Ltd. at a price target of Rs 635.0 and a stoploss at Rs 589 from entry point.
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 31-03-2019, the company has reported a Consolidated sales of Rs 2051.63 Crore, up 38.26 % from last quarter Sales of Rs 1483.85 Crore and up 1.50 % from last year same quarter Sales of Rs 2021.30 Crore Company has reported net profit after tax of Rs 161.07 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.Nani Javeri, Mr.Noel N Tata, Mr.Pradeep Bakshi, Mr.V Deshpande, Ms.Anjali Bansal. Company has S R B C & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 330,884,740 shares outstanding.