Buy Voltas With Target Of Rs 210

Buy Voltas With Target Of Rs 210Stock market analyst Pradeep Surekha has maintained 'buy' rating on Voltas Ltd stock with target of Rs 210.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 200.

The stock of the company, on August 18, closed at Rs 203.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 216.90 and a low of Rs 137.75 on BSE.

Current EPS & P/E ratio stood at 16.91 and 6.65 respectively.

Voltas announced that its sales/income from operations grew by 13% to Rs 1,410-crore during the first quarter of the existing fiscal as compared to Rs 1,248 crore during the same period of last year.

Tata group company said that its operating profit surged 19% to Rs 137 crore as compared to Rs 115 crore in the like period of 2009.

The company's profit after tax (PAT) stood at Rs 93-crore, up 18%, as against Rs 79 crore in the same period of 2009.

Voltas's electro-mechanical projects and services section's earnings remained down at Rs 693-crore as compared to Rs 700-crore in 2009, owing to dimmer project execution by a few customers.

The income from the engineering products and services section surged 6% to Rs 120-crore whereas the earnings from its unitary cooling products for segment zoomed 41% to Rs 587-crore.