Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
568.00
Change Change %
5.15 0.91%

Updated:24 Sep, 2018, 15:58 PM IST

BSE
567.20
Change Change %
2.50 0.44%

Updated:24 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
CLSA
N/A
20-05-2016 Sell 326.50 330.00
N/A
Target Hit Long (1Y)
20-05-2017

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.

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