Buy Voltas; target of Rs 650: Dolat Capital
Dolat Capital is bullish on Voltas has recommended buy rating on the stock with a target price of Rs 650 in its research report dated July 28, 2020.
July 30, 2020 / 06:50 PM IST
Dolat Capital's research report on Voltas
The Voltas annual report reverberates its prestigious market leadership position in the room air conditioner segment along with focus on using innovation and a strong balance sheet as a competitive advantage. The company believes that in the AC category with low penetration estimated at under 6%, combined with uninterrupted and better power availability across India, provides ample runway for future growth.
It also aims to replicate this model in its appliances foray (through Voltbek).
For all recommendations report, click here
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