BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse maintains neutral on Voltas
Credit Suisse has maintained "neutral" rating on Voltas and cut target price on the stock to Rs 335 from Rs 415 earlier. Credit Suisse sees sales impact due to demonetisation. Voltas's 40 per cent of AC sales are on cash basis. Credit Suisse has revised its earnings estimates for Voltas by 15-17 per cent on lower AC sales.