Voltas stocks: Hold Voltas, target price Rs 1033: ICICI Securities

has hold call on Voltas with a target price of Rs 1033. The current market price of . is Rs 890. Time period given by analyst is one year when Ltd. price can reach defined target.

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29576.13 Crore) operating in Consumer Durables sector.

Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2794.75 Crore, up 3.36 % from last quarter Total Income of Rs 2703.78 Crore and up 50.24 % from last year same quarter Total Income of Rs 1860.17 Crore. Company reported net profit after tax of Rs 140.47 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 30.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.19 per cent, DIIs 27.84 per cent.