Voltas Limited Receives 'BUY' Rating from 5 Brokerage Firms, Forecasting Up to 21% Upside. The stock showed a 15% increase last month but has fallen 23% from its peak.
Stock to Buy: On Thursday, March 20th, domestic stock markets witnessed a b rally for the fourth consecutive trading session. The BSE Sensex climbed over 900 points intraday, while the Nifty-50 also surged past 23,000. Hints of a potential 0.50% interest rate cut at the Federal Reserve meeting are signaling a market recovery.
In this environment, experts believe investing in select stocks with b fundamentals and reasonable valuations could be a better option. Meanwhile, five major brokerage firms have recommended buying Tata Group's flagship company, Voltas Limited, maintaining a 'BUY' rating.
Brokerage Ratings and Target Prices for Voltas
Antique Broking: Maintained a 'BUY' rating on Voltas with a target price of ₹1,779, indicating a potential upside of 19%.
Nuvama: 'BUY' rating and a target price of ₹1,810, potentially offering a return of 21%.
Motilal Oswal: Retained a 'BUY' rating with a target price of ₹1,710, estimating a 14% upside.
ICICI Securities: Maintained an 'ADD' rating on Voltas with a target price of ₹1,575, suggesting a 5% upside.
Current Status and Returns of Voltas Shares
Voltas' share price has fallen 23% from its highest level but has shown a 15% increase in the past month. Over the past three and six months, the share price has declined by 12.60% and 23.68%, respectively, while it delivered a remarkable 40.62% return in the last year. The stock's 52-week high was ₹1,946, and its 52-week low was ₹1,035.05. Voltas' total market capitalization on the BSE is ₹48,729.40 crore.
(Disclaimer: The investment advice on this stock is provided by brokerage firms. Consult your advisor before making any investment.)
