Voltas Shares: Buy Voltas, Target Price Rs 1075 : ICICI Direct

ICICI Direct has a call to buy on Voltas with a target price of Rs 1075. The current market price of . is Rs 1039.7.

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.

finance

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.


Promoter/Fii Holdings
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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