Buy Voltas, target Rs 605: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Voltas with a target price of Rs 605.

The current market price of Voltas is Rs 568.35.

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

Sagar Doshi recommended to keep a stop loss at Rs 548.

Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 18,805.83 Crore) operating in Miscellaneous sector.

Voltas key Products/Revenue Segments include Electrical Goods which contributed Rs 3,623.47 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.