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27 Oct 2016 | 5:51 PM
Research Report

Equity Research Report: Master Pick-Voltas Ltd

Voltas has a dominant presence in the cooling solutions segment that has helped to grow its consolidated revenues by 8.1% in 9MFY16. Considering the strong performance of the cooling products business and likely recovery in the EMP segment, we expect that stock will perform better in the near future.
18 Mar 2016 | 06:00 PM

In line with correction in benchmark index, Voltas has also seen decent correction in last eight months and retested its major support zone of 200 EMA on the weekly chart in February, 2016. And, it’s again rebounding swiftly after forming a fresh base and looks upbeat to make a strong up move. Hence, we recommend adding fresh longs in the given range of 265-270 with close below stop loss of 245 for the target of 325.


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