BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Downgrades Voltas to Underperform
Nomura has downgraded Voltas to 'underperofrm' from 'buy' for target price of Rs 265 per share. Nomura said that the AC market is slowing down from what was forecasted earlier and air-conditioning business was the key driver for earnings. Nomura has cut its FY16/FY17 earnings per share (EPS) estimates by 12-16 per cent.