Press "Enter" to skip to content

Sell Voltas, target Rs 480: Manas Jaiswal

image

Manas Jaiswal of manasjaiswal.com has a sell call on Voltas Ltd. with a target price of Rs 480. The current market price of Voltas Ltd. is Rs 505.8. Time period given by the analyst is Intra Day when Voltas Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 521

Voltas Ltd., incorporated in 1954, is a midcap company with a market cap of Rs 16800.67 crore.

Voltas Ltd. key Products/Revenue Segments include Electrical Goods which contributed Rs 3651.10 Crore to Sales Value (62.60 % of Total Sales), Contract Revenue which contributed Rs 1579.31 Crore to Sales Value (27.07 % of Total Sales), Sale of services which contributed Rs 565.76 Crore to Sales Value (9.70 % of Total Sales), Other Operating Revenue which contributed Rs 32.10 Crore to Sales Value (0.55 % of Total Sales) and Scrap which contributed Rs 3.99 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1414.70 Crore, down -33.72 % from last quarter Sales of Rs 2134.41 Crore and up 37.13 % from last year same quarter Sales of Rs 1031.66 Crore Company has reported net profit after tax of Rs 109.21 Crore in latest quarter. The company’s top management includes Mr.Anil George, Mr.Arun Kumar Adhikari, Mr.Bahram N Vakil, Mr.D Sarangi, Mr.Hemant Bhargava, Mr.Nani Javeri, Mr.Noel N Tata, Mr.Pradeep Bakshi, Mr.V Deshpande, Ms.Anjali Bansal. Company has S R B C & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 330,884,740 shares outstanding.

Source: Economic Times