2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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LIC has increased its shareholding in Voltas by buying an additional 2 per cent stake by acquiring shares worth how much through open market transactions?
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Rs. 535 crore
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Rs. 635 crore
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Rs. 935 crore
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Rs. 735 crore
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Explanation:
Detailed explanation-1: -Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake. LIC said it acquired Voltas’ shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022.
Detailed explanation-2: -Will Voltas stock price grow / rise / go up? Yes. The VOLTAS stock price can go up from 821.700 INR to 918.024 INR in one year.
Detailed explanation-3: -Voltas Ltd. has an average target of 1018.56. The consensus estimate represents an upside of 25.28% from the last price of 813.00.
Detailed explanation-4: -PE (Price/Earnings) Ratio. The Current P/E Ratio of LIC HOUSING FINANCE is 6.73.
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