Ways2Capital Reviews : Broker Radar For June 20

Deutsche Bank On Voltas:
  • Upgraded to "Hold" from "Buy," hiked price target to Rs490 from Rs470.
  • Stock declined 20% in past two months on weak commentary for AC sales.
  • Lira depreciation by 20% in a year could benefit the launch of Voltbek.
  • Projects business has started a reversal and strong orders.
  • Voltas UCP implied valuations now look reasonable at 26 times FY20 PE.
Investec on Cement Sector:
  • See East region to emerge as the next South.
  • Election linked demand trends aren’t encouraging.
  • Even with affordable housing demand is insufficient to match supply.
  • Margins to be at risk because of inflation.
  • Prefer large-caps over mid-caps and North/Central, North-East players over South/East.

(Source: Media Reports)
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About Bhoomi Desai