BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Stop Loss Hit|| Long (1Y)
CLSA initiates coverage on Voltas with buy
CLSA says Voltas has a strong franchise in Indian AC market which is still very small. The brokerage firms expect Voltas earnings per share (EPS) to grow 26% CAGR over FY15-17. CLSA target is based on 23 times forward one-year price earnings ratio.