Emkay Global maintains 'Buy' on Voltamp Transformers, target Rs 10,000

• Emkay Global Financial recommends "BUY" for Voltamp Transformers (VAMP).
• The target price for VAMP is set at Rs 10,000.
• VAMP holds a strong market position (15% share in the industrial segment) due to its design, manufacturing, and broad product portfolio.
• Growth is expected from private capex revival, government's PLI push, and opportunities in solar, railway, EV, green hydrogen, and data centers.
• While high double-digit revenue growth is anticipated, margin estimates were trimmed due to increased industry supply, leading to a 12% cut in the target price.

Why It Matters: Emkay Global Financial recommends buying Voltamp Transformers stock.