voltas share of tata may reach rs 1050 forecast of meteorological department will lead to boom

read on the appWith the warming of February and the forecast of the Meteorological Department, there is every possibility of a jump in the shares of Tata Group's stock Voltas. The

Meteorological Department has recently issued the first heat wave alert of 2023. With the rising heat, Tata Group's Voltas can warm your pocket. Global brokerage house Jefferies

has a buy recommendation on Voltas. According to the brokerage house, there will be a boom in the sale of ACs due to premature summer heat and Voltas will also get its direct

benefit. Jefferies has kept a target price of Rs 1,050 per share on Voltas. Today the stock was trading at Rs 906.75, down about one per cent in early trade. After Adani Group,

this share of Tata became the most bankrupt How were Q3FY23 results Voltas has incurred a loss of Rs 110.5 crore in the October-December 2022 quarter, while the

company had a profit of Rs 96 crore in the same quarter last year. According to Jefferies, Voltas has been an underperformer and the stock has lost nearly 27 per cent in the last

one year. In an upside scenario, the stock could trade at Rs 1,300, which is about 46 per cent higher than the current price. The brokerage says around 40 per cent of Voltas' sales

come from the north and 20-25 per cent from the west. The company will directly benefit from the increase in demand. Voltas has increased its market share to 23-24 per cent from

March 2022 exit run-rate of 19 per cent. (Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The

information given here is only about the performance of the stock, it is not investment advice. Investing in the stock market is subject to risks and Consult your advisor before

investing.)