BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang recommends accumulate on Voltas
Nirmal Bang expects Voltas to post 17% adjusted earnings CAGR over FY16-FY19E along with a free cash flow generation of Rs 880 crore. Capex-light balance sheet remains strong with low leverage and high return ratios and low net working capital requirement, it adds.