Shares of Voltamp Transformers Ltd are showing signs of a possible turnaround after falling nearly 47 per cent over the past year. IDBI Capital has given the stock a ‘HOLD’ rating and set a 12-month target of Rs 9,501, implying a potential gain of 32 per cent from the current level of Rs 7,021.

What makes Voltamp Transformers attractive for traders?

The company’s financials remain robust. Having an ROCE of 29.1 per cent and ROE of 21.7 per cent, Voltamp has been consistent in delivering strong returns on capital. The balance sheet looks conservative and steady cash flows help in maintaining investor confidence despite market volatility.

Analysts at IDBI Capital expect revenues to rise about 17 per cent year-on-year over the next few quarters, driven by higher volumes and recovering dema

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