The stock market buzz is centered around Tata’s Voltas shares, which witnessed a dip in prices last Saturday. Despite the decline, experts from Motilal Oswal, a domestic brokerage, are optimistic, predicting that the share could surpass ₹1100. This projection comes just ahead of the company’s release of third-quarter results in December.
As of the last trading day of the week, Saturday, the Voltas share was priced at ₹1023, marking a 2.61% decrease compared to the previous day’s closing. It’s noteworthy that Saturday saw normal trading activities, as the stock market will remain closed on Monday, January 22, due to the consecration of the Ram temple in Ayodhya.
Motilal Oswal has provided a buy rating for Voltas shares, setting a target price of ₹1150. Meanwhile, another brokerage, Prabhudas Lilladher, has released estimates based on Voltas’ performance in the December quarter. According to their projections, the company’s net profit is expected to show an impressive year-on-year increase of 305.9%, reaching ₹109.6 crores. Prabhudas Lilladher anticipates a substantial growth in the company’s sales, forecasting a 17.5% year-on-year increase to ₹2355.8 crores.
The spotlight is on the upcoming board meeting of Voltas Limited, scheduled for January 30, 2024. In a recent communication to the Bombay Stock Exchange, the company informed about the meeting, where, among other matters, the financial results for the quarter ending December 31, 2023, will be disclosed.
As for the shareholding pattern, Tata Sons holds 8,81,31,780 shares of Voltas, representing a promoter’s stake of 30.30%. Public shareholding constitutes the remaining 69.70%. It’s essential to note that this information serves to provide insights into the stock’s performance and is not to be construed as investment advice. Prospective investors are advised to exercise due diligence and seek professional advice before making investment decisions.
In summary, Voltas shares, despite a recent dip, are generating interest among experts who foresee potential gains. The positive projections are attributed to the anticipated strong financial performance in the upcoming quarter. The stock’s current market dynamics, coupled with expert ratings and target prices, indicate a favorable outlook.
The recent decrease in Voltas share prices is attributed to the regular trading session on Saturday, as the stock market will observe a closure on Monday due to the historic event of the Ram temple consecration in Ayodhya.
Motilal Oswal’s buy rating and a target price of ₹1150 suggest confidence in the future performance of Voltas shares. Additionally, Prabhudas Lilladher’s estimates for the December quarter point towards significant growth in net profit and sales for the company.
Investors are keeping a keen eye on the board meeting scheduled for January 30, where Voltas Limited will disclose its financial results for the quarter ending December 31, 2023. This event is expected to provide further insights into the company’s performance and may influence market sentiment.
It’s crucial for potential investors to approach stock investments with caution and conduct thorough research before making any decisions.
The performance of Voltas shares in the stock market has been under scrutiny, especially considering the upcoming board meeting on January 30, 2024. This meeting is expected to unveil not only the financial results for the quarter ending December 31, 2023, but also insights into the company’s strategic plans and outlook.
Motilal Oswal’s optimistic projection of Voltas shares exceeding ₹1100 adds an interesting dimension to the market sentiment. The anticipation of strong financial results and positive outlook by experts suggests potential profitability for investors. However, the market dynamics, external factors, and global economic conditions should also be considered before making investment decisions.
In conclusion, Voltas shares are navigating through a dynamic market, and the upcoming events, including the board meeting and the release of quarterly results, will likely shape the trajectory of these stocks. Investors should stay informed, exercise caution, and seek professional advice to make well-informed investment choices.
The information presented here is solely for informational purposes and should not be considered as financial advice.