{"id":42651,"date":"2022-05-15T14:45:00","date_gmt":"2022-05-15T09:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=42651"},"modified":"2022-05-15T11:13:37","modified_gmt":"2022-05-15T05:43:37","slug":"analysts-bullish-on-this-multibagger-tata-group-stock-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/analysts-bullish-on-this-multibagger-tata-group-stock-do-you-own-it\/","title":{"rendered":"Analysts Bullish on this Multibagger Tata Group stock; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3796630995\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Voltas, a Tata Group company have fallen by 15.17% in the last five days. There was a major fall on Friday after it reported earnings below estimates for the quarter ended March 2022. Its share price declined 9.78% intraday to \u20b9 1,045 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-674947896\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The air conditioning and engineering services company\u2019s net profit tanked 23.46% to \u20b9182.71 crores in the March quarter, against a net profit of \u20b9 238.72 crores during the same quarter last year. It reported a total income of&nbsp; \u20b92703.78 crores, up 0.76% year on year (YoY) from \u20b9 2683.24.&nbsp;<\/p><p>Further, Credit Suisse downgraded the stock to underperform and cut the target price to \u20b9 975 from \u20b9 1225 since the company\u2019s performance is highly dependent on high-temperature weather. The company is in an intensely competitive category and has a relatively expensive sector valuation. The shares are currently trading at \u20b9 978 levels, and have almost reached the target suggested by Credit Suisse.<\/p><p>ICICI Direct said that the company\u2019s performance in the quarter was below estimates mainly due to a sharp fall in the revenue of its EMPS (Electro-mechanical project &amp; services) division. However, the company\u2019s UCP segment (Room air conditioner) revenue growth came in line with its estimate.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2222687386\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Voltas sold many air conditioners on the back of an intense heatwave in the country and a hybrid work model. They expect the management to hike the prices of the air conditioners and expect higher sales in the coming months. Further, the impact of these numbers might be seen in the upcoming Q1 results. <\/p><p>These brokerages suggest an upside as far as Voltas\u2019 stock is concerned:<\/p><h4 class=\"wp-block-heading\"><strong>ICICI Direct: Hold<\/strong><\/h4><p>On 10th May 2022, ICICI Direct suggested a \u2018hold call\u2019 on the shares of Voltas, with a target price of \u20b9 1120. The time period given by the analysts is one year. This translates to an upside of 14.52%. <\/p><h4 class=\"wp-block-heading\" id=\"h-centrum-broking-add\"><strong>Centrum Broking: Add<\/strong><\/h4><p>The brokerage has an \u2018add call\u2019 on the shares of Voltas. It has given a target price of \u20b9 1115 apiece, achievable in one year. This indicates an upside of 14.01% as compared to its current market price. <\/p><p>Voltas Limited has given multibagger returns since they crashed in 2008. On 1st December 2008, the shares were trading at \u20b9 46.22 apiece. Since then the shares have shown an increasing trend. They reached a high of \u20b9 1356.90 last year, giving multibagger returns of 2835.74%. Investors who had invested \u20b91,00,000 in the shares of the company at that point, would have holdings worth a whopping \u20b929,35,740!<\/p><div class=\"trade-after-content\" id=\"trade-3289042488\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Voltas, a Tata Group company have fallen by 15.17% in the last five days. There was a major fall on Friday after it reported earnings below estimates for the quarter ended March 2022. Its share price declined 9.78% intraday to \u20b9 1,045 apiece.&nbsp; The air conditioning and engineering services company\u2019s net profit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3464,2660,2838,2843,2659,2573,3153,3157,3158,2597,2599],"class_list":["post-42651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stocks","tag-multibagger-stocks-india","tag-multibaggers","tag-stock-market-crash","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysts Bullish on this Multibagger Tata Group stock; Do you own it?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/analysts-bullish-on-this-multibagger-tata-group-stock-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts Bullish on this Multibagger Tata Group stock; Do you own it?\" \/>\n<meta property=\"og:description\" content=\"The shares of Voltas, a Tata Group company have fallen by 15.17% in the last five days. 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