Buy Voltas, target price Rs 1,420:HDFC Securities

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HDFC Securities suggests buying Voltas shares, setting a new target price. Voltas, a large consumer durables company, reported strong financial results for the recent quarter. Revenue increased significantly compared to the previous year. However, a weaker first quarter is expected next year. Growth is projected to recover later, driven by regulatory changes. Revenue and profit estimates have been adjusted downwards.