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Indian indices traded in a small range, oscillated above and below the dotted line, finally closed almost flat. SENSEX closed at 17909, down 29 points and Nifty at 5378, down 7 points from the previous close. CNX MIDCAP index was up 0.03% and BSE SMALLCAP index was up 0.12%. The market breadth was negative with advances at 566 against declines of 714 on the NSE. Top gainers are listed as  AXISBANK, RELCAPITAL, HUL, TATAMOTORS, TCS, TATASTEEL, TATAPOWER, SAIL and KOTAKBANK whereas top losers are listed as ONGC, RCOM, HDFCBANK, SBIN, UNITECH, GAIL and BPCL.

While the company may have faced some labour unrest in the recent past but its plans for the future remains intact.

In fact, to meet the growing demand for batteries from the car and motorcycle sectors, Exide industries has recently announced that the company will be spending money matching the scale of Rs 400 crore this fiscal (2010-11) to increase capacity in its various plants.

The French auto major Renault has decided that it will not like to be considered as an underdog in the Indian market and has firmed up bullish plans for the future in the domestic circuit.

A top company official recently said that the company will be launching its much-popular, Influence in the Indian market by 2011.

Renault India Country General Manager and Managing Director Marc Nassif recently confirmed the development by saying that the company will introduce the first sedan Influence by 2011 and a SUV Koleos by 2012-13 in the Indian market.

The Japanese auto major, Nissan has recently announced the launch of its much-awaited hatchback Micra in the Indian market. Priced between Rs 3.98 lakh and Rs 5.29 lakh (ex-showroom, Delhi), the product has so far got over 2,000 bookings in the Indian market.

As the bookings had been opened on 25 May and the response was pretty encouraging, the company believes that the product will be able to bring high volumes on its door from the domestic circuit.

It has been learned from the sources that the UV maker, Mahindra & Mahindra (M&M) will be holding a special board meeting on July 15 to finalise its decision on the bid for the troubles Korean auto major Ssangyong.

It is to be mentioned here that the beleaguered South Korean firm SsangYong Motor mainly manufactures sports utility vehicles (SUV) and recreational vehicles (RV) surely fits the portfolio of the utility vehicles major, but the company would still have to analyse the future viability of the acquisition.

Stock market analyst Dilip Bhat of Prabhudas Liladhar has maintained 'buy' rating on Voltas Ltd stock, which is in a long-term uptrend.

According to analyst, the stock can be purchased with the target to make 30-40% returns in 12-15 months.

Today, the stock of the company opened at Rs 203.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 210.45 and a low of Rs 117 on BSE.

Current EPS & P/E ratio stood at 9.31 and 21.72 respectively.

Voltas Limited is an engineering, air conditioning and refrigeration company