ICICI Direct recommended hold rating on Voltas with a target price of Rs 605 in its research report dated May 13, 2019.
Dolat Capital is bullish on Voltas has recommended buy rating on the stock with a target price of Rs 690 in its research report dated May 13, 2019.
Prabhudas Lilladher recommended hold rating on Voltas with a target price of Rs 584 in its research report dated May 10, 2019.
The company in its BSE release said that net profit fell 26.8 percent at Rs 142 crore as compared to Rs 194 crore in the January-March quarter a year ago.
Net Sales are expected to increase by 8.9 percent Y-o-Y (up 49.5 percent Q-o-Q) to Rs. 2,230 crore, according to ICICI Direct.
"We see revenue growth outstripping volume growth & PAT outgrowing revenue growth," HSBC said.
ICICI Direct recommended hold rating on Voltas with a target price of Rs 650 in its research report dated March 19, 2019.
Voltas, which is the largest player in the AC segment, is also investing over Rs 500 crore to set up a manufacturing facility at Tirupati in Andhra.
Revenue was boosted by government-led projects for several players in the third quarter.
With continuous improvement in operating performance, we expect a healthy up side in the near-term too. We continue to maintain Buy with target price of Rs 680.
A bearish broadening pattern in Voltas offers a good shorting opportunity
Voltas said it aims to create technologically advanced products which are expected to start rolling out from the second half of 2020.
Stocks like ICICI Bank, HDFC Bank, HDFC, Bajaj Finance, Maruti Suzuki, Ashok Leyland, Voltas, and Whirlpool could attract investor attention
It is trading below the resistance zone of multiple moving averages on the daily chart and likely to see a breakdown from the same in near future.
Net Sales are expected to increase by 12.7 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 1,549.8 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 11.1 percent Y-o-Y (up 7.4 percent Q-o-Q) to Rs. 1,527.1 crore, according to ICICI Direct.
Voltas expects the JV to attain break-even in the next 2-3 years and targets to reach Rs 10,000 crore revenue by 2025. "It aims to rank amongst the top-3 players in the market."
Bonanza is bullish on Voltas has recommended buy rating on the stock with a target price of Rs 708 in its research report dated December 19, 2018.
The US Fed meeting would be the key trigger in the near term. The market has more or less factored in a 25 bps hike, said Rajesh Palviya of Axis Securities
Once the Nifty manages to surpass 10840, we may possibly see the beginning of Santa rally in our market, which would immediately lift the index towards 10941 and above.