The summer season is close and meanwhile, there is a tremendous discussion in the market about the shares of Voltas Limited, a Tata Group company, which produces air conditioners and cooling products. However, despite the market boom on Friday, Voltas’s shares were sluggish. Despite this, experts are seen bullish about this stock and are advising to buy it. Let’s know the target price of this stock and the condition of quarterly results.

Share target price: Where can stock go?

Brokerage house Motilal Oswal has fixed a target price of ₹ 1,710 for Voltas shares and has a “buy” rating. Apart from this, other brokerage firms have also released their target price regarding this stock:

On Friday, Voltas’s stock closed at ₹ 1,429.70. In March 2024 it fell to ₹ 1,048.70 (52-Veek Low), while in September 2024 it touched the level of ₹ 1,946.20 (52-Veek High).

December quarter results: strong growth recorded

In the December 2024 quarter, Voltas recorded a net profit of ₹ 130.8 crore. At the same time, the company increased by 18.3% to ₹ 3,105 crore from the company’s operations, which was ₹ 2,625 crore in the same period last year.

• Ebitda was ₹ 197.4 crore.

• Ebita margin was 1.1% in the same period last year, which increased by 6.4% in this quarter.

• The unity cooling products segment recorded an increase of 42%.

• Split and Window AC had 20.5% market share.

• The total revenue led to a growth of 38%, which reached ₹ 7,155 crore.

Due to these magnificent results, experts hope that Voltas shares can perform better in the rising summer season.

Shareholding pattern: Who are investors?

If you look at Voltas’s shareholding pattern:

• Promoters have 30.30% stake.

• Public shareholding holds 69.70%.

• Tata Sons Private Limited holds 26.64% stake.

• Tata Investment has 3.01% shares.