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 upgrades Voltas to buy
Expect sharply higher earnings per share (EPS). Branded AC unit turning profitable is biggest positive for the stock. Mechanical, Electrical & Public Health (MEP) turnaround and better mix will boost margins. Valuations are cheaper than peers and its historical peak.