Archive · 26 Jun 2025
Avendus Spark Upgrades Voltas to 'Buy' Rating
Imagine a company called Voltas that makes air conditioners.
A financial company called Avendus Spark, who gives advice on buying stocks, used to think Voltas wasn't a good buy, but now they do!
They think more people will buy Voltas' air conditioners because of things like tax cuts and new government spending.
The financial company also thinks the air conditioner business will make more money and a different part of Voltas will start making money by 2027.
Many other experts also recommend buying this stock.
Avendus Spark upgraded Voltas to "buy" from "reduce" after 3 years.
The price target for Voltas stock was raised to ₹1,516 from ₹1,201.
Room AC demand is expected to grow due to multiple factors.
Backward integration and price hikes should improve margins.
Voltas Beko is expected to achieve break-even by FY2027.
- Who
- Avendus Spark
- What
- Avendus Spark upgraded Voltas to "buy".
- When
- June 26th
- Where
- N/A
- Why
- Due to anticipated growth in room AC demand and improved margins.
- Rating Upgrade
- Buy
- Previous Rating
- Reduce
- Price Target
- ₹1,516
- Previous Price Target
- ₹1,201
- Last Buy Rating
- 2019
- Stock Gain (1 month)
- 5%