This stock of Tata will give bumper earnings, many brokerages including Jefferies expect 30% return

Tata Group’s stock Voltas can give investors good returns in the coming days. Many brokerages are currently bullish on this Tata stock and have increased the target price while advising to buy this stock.

The stock of Voltas Limited closed at Rs 1,531 on Friday (August 16), falling by about 1.5 percent. On the other hand, the target given to it by the brokerage house is up to Rs 1,960. This means that the stock of Voltas can rise by about 30 percent compared to Friday’s closing price.

This much target was received from the brokerage firm

Brokerage firm Jefferies has given a buy rating to this Tata Group stock with a positive outlook. Jefferies has increased the target price of Voltas to Rs 1,770 with a buy recommendation, which is 15 percent above the previous closing price. Similarly, Nomura has given a target of Rs 1,857 with a buy rating, which is 22 percent above the previous level. At the same time, UBS has given a target of Rs 1,960 to Voltas shares with a positive outlook, which is more than 28 percent above.

The price rose as soon as it opened today

Voltas shares are seeing a rise today after receiving good ratings and buy advice from all three brokerage firms. This Tata Group stock started trading today with a gain of more than 2 per cent. In the initial session, the stock was up by 3 per cent. At 9:20 am, Voltas stock was trading at Rs 1,585 with a gain of about 3 per cent.

Has given 42 percent return in 6 months

Voltas stock is currently trading near its 52-week high. The 52-week high level of the stock is Rs 1,598.90. This Tata stock has gained 5 percent in the last one month, while in 6 months the stock has climbed about 42 percent.

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Also read: This stock of Tata Group rose, Moody’s upgraded the rating, said- the outlook is excellent