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This Article is From Aug 19, 2024

Voltas - Firing On All Cylinders; Upgrading To A Buy: Anand Rathi

Voltas - Firing On All Cylinders; Upgrading To A Buy: Anand Rathi
Image used for representational purpose (Source: Voltas website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Robust room AC volume growth in Q1 set the pace for Voltas Ltd.'s strong FY25. It continues its market-leading position in RACs, gaining market share in Q1 (21.2%; 18.7% at end-Q4).

After many headwinds, in Q1 it reported positive Ebit in EMP. Voltas Beko continues gaining market share in refrigerators and washing machines. Factoring in all the positives we upgrade the stock to a 'Buy' with a higher 12-month target price of Rs 1,844.

Click on the attachment to read the full report:

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