Voltas Stock Recommendation Buy - Target 775 / 830 for 1 year SL 650: Epic Research

Voltas Stock Recommendation Buy - Target 775 / 830 for 1 year SL 650: Epic Research

Voltas is market leader in many segments the company operates in. The company has witnessed strong performance in the recent quarters and investors can expect better results from the company in future as well. Income tax rebate would also help Voltas improve its market position.

Voltas Stock Recommendation Buy - Target 775 / 830 for 1 year SL 650: Epic Research

The air conditioner market has seen very robust growth in the last few years and we believe the penetration has seen expansion which is still comparatively very low to other markets. Voltas is a leader in this segment and the kind of price structure it has proved that it has weathered the recent negative sentiments in the market.

The stock has given a fresh breakout and with demand picking up due to festive season, the outperformance may continue with a higher target of 775.

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