Voltas can touch Rs 225: V Sethi

Vikas Sethi, MD of Sethi Finmart is of the view that Voltas can touch Rs 225.

Sethi told CNBC-TV18, "Voltas has again seen a correction from its significant levels of Rs 260 to the current levels of Rs 120; this company has off-late transformed itself from being a low margin consumer appliance company to a niche engineering player, undertaking various electromechanical projects and services. The company has a very strong order book and at the current market price it is available at 15 times of FY09 earnings and around 11 times of FY10 earnings. I expect the stock to be trading at around Rs 225 in a year’s time from the current levels of Rs 120."

Disclosure: Analyst holds the above stock and has recommended them to the clients.