Profit

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

NSE
535.15
Change Change %
0.50 0.09%

Updated:18 Jan, 2019, 16:00 PM IST

BSE
533.25
Change Change %
-1.15 -0.22%

Updated:18 Jan, 2019, 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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