This Tata stock will give bumper earnings!!!
Voltas, a Tata Group stock, can give investors good earnings in the coming days. Many brokerages are bullish on this Tata stock right now and have increased the target price while advising to buy this stock. Voltas Limited's stock closed at Rs 1,531 on friday (August 16), down by about one and a half percent. On the other hand, the target given to it by the brokerage house is up to Rs 1,960. This means that Voltas's stock can rise by about 30 percent compared to Friday's closing price.
This is the target received from the brokerage firm
Brokerage firm Jefferies has given a buy rating while keeping a positive stance on this Tata Group stock. Jefferies has increased the target price of Voltas to Rs 1,770 with a buy advice, which is 15 percent above the previous closing price. Similarly, Nomura has given a target of Rs 1,857 with a buy rating, which is 22 percent above the previous level. At the same time, UBS has given a target of Rs 1,960 with a positive outlook to Voltas shares, which is more than 28 percent up.
Prices rose as soon as it opened today
Voltas shares are seeing a rise today after receiving good ratings and buy advice from all three brokerage firms. This Tata Group stock started trading today with a gain of more than 2 percent. In the initial session, the stock was up by 3 percent. At 9:20 am, Voltas shares were trading at Rs 1,585 with a gain of about 3 percent.
Has given 42 percent return in 6 months
Voltas shares are currently trading near its 52-week high. The 52-week high level of the stock is Rs 1,598.90. This Tata stock has gained 5 per cent in the last one month, while the stock has gained around 42 per cent in 6 months.
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