Voltas Share Price; First made a millionaire, now a pauper; Tata’s share continues to rise, what should be decided about the stock?
Tata share losses for investors
Tata group company Voltas Ltd’s share price has been falling steadily, causing investors to suffer huge losses. The company’s shares have fallen nearly 5% in the past five days, and the stock has fallen more than 36 points in the past six months. Also, talking about the last one year, this share has decreased by more than 157 points. On April 1, 2022, the share price of Voltas was around Rs 1,260, and since then the stock has fallen steadily and today the share has touched Rs 798.30.
Expert advice on Voltas shares
Investing in stock market involves risk, in such a situation do not invest in any stock without knowing. Talk to your financial advisor before buying stocks. Failure to do so may result in financial losses. As on March 31, 2023, promoters held 30.3 percent stake in the company, while FIIs held 20.58% and DIIs held 32.69%.
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‘SELL’ Voltas Shares!
Motilal Oswal Financial Services has issued a ‘Sell’ recommendation on Voltas stock with a target price of Rs 740 and a stop loss of Rs 795. Voltas’ major products/revenue segments for the year ended March 31, 2022 include electrical goods, contract revenue, service sales other operating revenue and scrap.
(Note: Consult a financial advisor before investing in the stock market)
