Hold Voltas, target price Rs 1070: BNP Paribas

BNP Paribas has hold call on Voltas Ltd. with a target price of Rs 1070. The current market price of Voltas Ltd. is Rs 968.3. Time period given by analyst is 9 months when Voltas Ltd. price can reach defined target.

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 32109.06 Crore) operating in Consumer Durables sector.

Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 2703.78 Crore, up 48.37 % from last quarter Total Income of Rs 1822.34 Crore and up .77 % from last year same quarter Total Income of Rs 2683.24 Crore. Company has reported net profit after tax of Rs 211.56 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.19 per cent, DIIs 27.84 per cent.