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Buy Voltas, target Rs 690: Abhijit Pathak

Buy Voltas Ltd. at a price target of Rs 690.0 and a stoploss at Rs 665 from entry point.|
Updated: Oct 16, 2019, 09.15 AM IST
Abhijit Pathak of Definedge Solutions has a buy call on Voltas Ltd. with a target price of Rs 690. The current market price of Voltas Ltd. is Rs 675.8. Time period given by analyst is Intra Day when Voltas Ltd. price can reach defined target. Abhijit Pathak recommended to keep stoploss at Rs 665. Voltas Ltd., incorporated in 1954, has a market cap of Rs 22361.19 crore.

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 30-06-2019, the company has reported a Consolidated sales of Rs 2646.67 Crore, up 29.00 % from last quarter Sales of Rs 2051.63 Crore and up 24.00 % from last year same quarter Sales of Rs 2134.41 Crore Company has reported net profit after tax of Rs 187.67 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.

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