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Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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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
 
 
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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.


Outlook


It also aims to replicate this model in its appliances foray (through Voltbek).





For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 30, 2020 06:50 pm

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