Fresh move in Voltas after consolidation. Target 540. SL 440. 3 months.
Voltas has posted a good set of numbers with Quarterly EPS of 4.5. We expect the stock to post good numbers. At 30 PE, we expect the stock move to =4.5 (Quarterly EPS) x 4 (4 quarters) x 30 (PE) = 540 in 3 months.
We are bullish on Voltas from 300.
Our earlier call on Voltas: