Voltas Share Price Target at Rs 1,500: Emkay Global
Emkay Research has reiterated a BUY recommendation on Voltas, although the brokerage has lowered its target price to Rs 1,500 from Rs 1,650 after the company delivered a weaker-than-anticipated March quarter performance. Despite a sharp margin contraction and a 52% year-on-year decline in profit after tax, analysts believe the downside remains limited because valuations have corrected close to historically supportive…
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