Voltas share price: Add Voltas, target price Rs 1100: HDFC Securities

HDFC Securities has add call on with a target price of Rs 1100. The current market price of Voltas is Rs 1041.9.

Time period given by analyst is one year when Voltas price can reach defined target.

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 32951.16 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1860.17 Crore, down -30.67 % from last quarter Total Income of Rs 2683.24 Crore and up 36.34 % from last year same quarter Total Income of Rs 1364.34 Crore. Company reported net profit after tax of Rs 153.01 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 30.3 per cent stake in the company as of March 31, 2021, while FIIs held 14.4 per cent, DIIs 37.5 per cent and public and other 17.9 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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