Intraday Buy Call For Voltas

Intraday Buy Call For Voltas Technical analyst Anil Singhvi has maintained 'buy' rating on Voltas Limited stock with an intra-day target of Rs 190.

According to analyst, the stock can be purchased with a stop loss of Rs 178.

The stock of the company, on February 03, closed at Rs 181.10 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 18.45 respectively.

Voltas registered net profit of Rs 70.55 crores for the three month period ended December 2010 as compared to Rs 75.69 crores during the corresponding period of 2009.

Net sales remained at Rs 1039.28 crores as against Rs 990.48 crores during the same period previous fiscal.

Voltas Ltd is a supplier of structured back-to-back solutions in electro-mechanicals and refrigeration.

The Company's three divisions include engineering products and services, electro-mechanical projects and services and unitary cooling products for comfort and commercial usage.