Voltas Shares: Buy Voltas, Target Price Rs 1075 : ICICI Direct
The time period given by the analyst is three days when the price Ltd. can achieve the set goal.
Voltas Ltd., incorporated in 1954, is a large capitalization company (having a market capitalization of Rs 34400.43 Crore) operating in the consumer durables sector.
The main product/revenue segments of Voltas Ltd. include electrical products, contract revenue, sale of services, other operating revenue and scrap for the year ending March 31, 2022.
For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 2794.75 Crore, up 3.36% from last quarter, total revenue of Rs 2703.78 Crore and in up 50.24% from the same quarter last year, total revenue of Rs 1860.17 Crore. The company reported net profit after tax of Rs 140.47 Crore last quarter.
The promoters held 30.3% of the company’s capital as of March 31, 2022, while the FIIs held 26.19% and the DIIs 27.84%.
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