Voltas falls 8%; Emkay keeps Buy rating
In short
Voltas fell 8% in two sessions after its Q2 earnings. Emkay kept a Buy rating on the stock and set a target price of ₹1,500.
The broker said the shares still look attractive on valuation and are near the lower end of their past trading range.
What the reporting says
Voltas fell 8% across two sessions after its Q2 earnings, while Emkay retained its Buy rating on the stock with a target price of ₹1,500. The broker said valuations remain attractive and the shares are trading near the lower end of their historical range. The note points to a valuation view rather than a change in company fundamentals.
Why it matters
Voltas shares slipped 8% over two sessions after its Q2 earnings, but Emkay kept a Buy rating and a ₹1,500 target price. The note said the stock still looks attractive on valuation and is trading near the lower end of its historical range. The market reaction is the immediate focus, while the brokerage stance suggests continued support for the stock.