BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on Voltas
Religare has maintained 'hold' on Voltas for target price of Rs 300. It says earnings were ahead of estimates on higher-than-expected execution and profitability in the contracting (EMP) business. However it expects the Middle East market to remain challenging. It adds that stock valuations are full and downside risks to earnings persist.