Buy Voltas Ltd. target Rs 455.0 : Gaurav Ratnaparki

Gaurav Ratnaparki of Sharekhan has Buy call on Voltas Ltd. with a target price of Rs 455.0 .The current market price of Voltas Ltd. is 424.25 Time period given by analyst is Intra Day when Voltas Ltd. price can reach defined target. Gaurav Ratnaparki recommended to keep stoploss at Rs 416.0 .

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of ₹ 13754.88 Cr.) operating in Miscellaneous sector.

Voltas Ltd. key Products/Revenue Segments include Air Conditioners (Room) which contributed ₹ 1710.20 Cr to Sales Value (32.79 % of Total Sales), Others which contributed ₹ 1559.51 Cr to Sales Value (29.90 % of Total Sales), Contract Revenue which contributed ₹ 1305.61 Cr to Sales Value (25.03 % of Total Sales), Sale of services which contributed ₹ 614.71 Cr to Sales Value (11.78 % of Total Sales), Other Operating Revenue which contributed ₹ 18.49 Cr to Sales Value (0.35 % of Total Sales), Scrap which contributed ₹ 5.80 Cr to Sales Value (0.11 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 1174.53 Cr., up 22.60% from last quarter Sales of ₹ 958.05 Cr. and down -6.72% from last year same quarter Sales of ₹ 1259.15 Cr. Company has reported net profit after tax of ₹ 96.78 Cr. in latest quarter. The company’s CEO is Mr.Sanjay Johri. It's Board of Directors include Mr.V P Malhotra, Mr.Bahram N Vakil, Mr.D Sarangi, Mr.Ishaat Hussain, Mr.N N Tata, Mr.Nani Javeri, Mr.R N Mukhija, Mr.Sanjay Johri, Mr.V Deshpande, Ms.Anjali Bansal, Mr.Anil George, Mr.Jayant Balan, Mr.M Gopi Krishna, Mr.Narendren Nair, Mr.Pradeep Bakshi, Mr.V P Malhotra. Company has its registered office at T B Kadam Marg,, Mumbai, 400033, Maharashtra. Company has SRBC & Co LLP as its auditors. As on 31-03-2017, the company has a total of 330,752,600 shares outstanding.