Technical analyst Kunal Saraogi has maintained 'hold' rating on Voltas Limited stock with a short term target of Rs 175.

According to analyst, the investors can buy the stock with a stop loss of Rs 165.

The stock of the company, on February 28, closed at Rs 164.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 262.50 and a low of Rs 154.80 on BSE.

Current EPS & P/E ratio stood at 9.48 and 17.64 respectively.

Tata group company Voltas Limited has recorded a loss of 9.9% in its net profit, which stood at Rs 68.83 crore for the three month period ended December 31, 2010 as against the corresponding period last financial year.

Tata group company, which manufactures ACs, registered a net profit of Rs 76.46 crore during the same period of 2009.

During the three month period under review, Voltas said that its net sales grew by 5.2% to Rs 1,039.28 crore as against Rs 987.46 crore during the year ago period.

Voltas Limited said during the quarter it has set up a JV with Riyadh-based Olayan Financing Company in the Kingdom of Saudi Arabia (KSA) for implementation of electro mechanical ventures in the country.

"The shareholding of the JVC would be in the equal proportion by Voltas and Olayan Financing Company and is expected to be operational from April, 2011," it said.