Buy Voltamp Transformers for target price of ₹11,350 (38.5% upside)

Voltamp Transformers would be a key beneficiary of India’s renewable capacity addition, private capex revival & GoI’s PLI initiatives. It has a strong order-book (Rs 9.8bn, +26% YoY) & robust balance sheet. Buy for target price of ₹11,350 (38.5% upside) https://rakesh-jhunjhunwala.in/volt...for-target-price-of-₹11350-38-5-upside-emkay/