Atrump Games

Atrump Games
Atrump Games

Invest In Voltas

Voltas came out with Q3 FY17 with flying colors even though they faced the music of demonetization drive. Their consolidated profit increased to 81 crore including the gain from investment whereas their Profit before tax stood at 12t Crore.

The high margin AC business observed degrowth  due to demonetization and expected to recover as summer seasons sets in by the end of Q4. The effective cost efficiency helped company to showcase better than expected result. For the past two months Voltas share was moving in the range to 325 to 355 INR in fear of demonetization impact. As the air is clear and it is expected that the share price of Voltas will shoot to 425 to 450 range in next months.

IT is advisable to invest in Voltas with a view of 7 to 9 months of investment and must avoid F&O market.

Disclaimer : Consult your financial advisor before investing.
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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