BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch maintains underperform on Voltas
Bank of America Merrill Lynch has maintained 'underperform" rating on Voltas with a target price of Rs 315. The brokerage sees strong demand during festive season. Competition intensity is likely to increase for the company. Near-term strength factored-in high growth. Increase in reach by competitors is a big threat to Voltas, the brokerage added.