Buy Voltas With Stop Loss Of Rs 243

Buy Voltas With Stop Loss Of Rs 243Technical analyst Hitendra Vasudeo has maintained 'buy' rating on Voltas Ltd stock with targets of Rs 261 and 275.

According to analyst, the investors can buy the stock with a stop loss of Rs 243.

Mr. Vasudeo said that the stock can achieve the target within a period of 1-3 trading sessions.

The stock of the company, on December 01, closed at Rs 256.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 262.50 and a low of Rs 151.20 on BSE.

Current EPS & P/E ratio stood at 9.72 and 26.40 respectively.

Voltas has recorded a consolidated profit of Rs 924.10 million after minority interest for the three month period ended September 2010 as against Rs 903.30 million for the same ended Sep 2009.

Voltas registered a marginal increase of 2.30% in consolidated profit after minority interest.

Total income came down 2.42% to Rs 10,844.50 million for July-Sep period from Rs 11,113 million for the quarter ended Sep 2009.

Voltas Limited is a supplier of structured end-to-end solutions in electro-mechanicals and refrigeration.

The Company deals in 3 sections including electro-mechanical ventures and services, engineering goods and services, and unitary cooling goods.