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Buy Voltas, target Rs 620: Manas Jaiswal

ETMarkets.com|
Nov 15, 2017, 08.57 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Voltas with a target price of Rs 620.

The current market price of Voltas is Rs 600.35.

Time period given by the analyst is intraday when Voltas price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 589.

Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 19,864.67 Crore) operating in Miscellaneous sector.

Voltas key Products/Revenue Segments include Electrical Goods which contributed Rs 3623.47 Crore to Sales Value (66.21 per cent of Total Sales), Contract Revenue which contributed Rs 1159.63 Crore to Sales Value (21.18 per cent of Total Sales), Sale of services which contributed Rs 641.92 Crore to Sales Value (11.72 per cent of Total Sales), Other Operating Revenue which contributed Rs 39.22 Crore to Sales Value (0.71 per cent of Total Sales) and Scrap which contributed Rs 8.35 Crore to Sales Value (0.15 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Mr.Anil George, Mr.Arun Kumar Adhikari, Mr.Bahram N Vakil, Mr.D Sarangi, Mr.Hemant Bhargava, Mr.Ishaat Hussain, Mr.N N Tata, Mr.Nani Javeri, Mr.Pradeep Bakshi, Mr.R N Mukhija, Mr.Sanjay Johri, Mr.V Deshpande, Ms.Anjali Bansal.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-09-2017, the company has a total of 330,884,740 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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