Buy Voltas For Short Term

Buy Voltas For Short TermTechnical Analyst Sanjay Surekha has maintained 'buy' rating on Voltas Ltd stock to achieve a short term target of Rs 195.

According to Surekha, interested investors can buy the stock with a stop loss of Rs 170.

Today (May 21), the shares of the company opened at Rs 177.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 191.40 and a low of Rs 84.90 on BSE.

Current EPS & P/E ratio stood at 8.10 and 21.58 respectively.

According to reports, Voltas Ltd will declare the results for the financial year ended March 31on May 28.

The report added that a meeting of the company's directors will take place on May 28 to approve the audited financial results, both stand-alone and consolidated results for the fiscal ended March 2010.

Moreover, the directors will also recommend dividend, if any, for the year ended March 31, 2010.

Voltas is one of the world's major engineering solutions providers and project specialists.

Set up in India in the year 1954, Voltas Ltd provides engineering solutions for industries engaged in areas like refrigeration, ventilation and air conditioning, textile machinery, mining and construction equipment, electro-mechanical projects, heating, cold chain solutions, materials handling equipment, water management & treatment, building management systems, and indoor air quality.

In a period of more than five decades, Volta Ltd has attained a leadership position in its businesses as well as market areas.