BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA downgrades Voltas to underperform
CLSA downgraded Voltas to underperform on limited upside for target price of Rs 330/share. It has downgraded Voltas on expensive value and weak AC margins. CLSA advises investors to look for a cheaper entry point and says that the valuations need to cool off. Expensive valuations leave little room for execution slip-ups and weak MEP market are near-term headwinds. It adds that rising Korean and Japanese AC competition is a near-term headwind.