Enter Voltas around Rs 100: SP Tulsian

Tulsian told CNBC-TV18, “Voltas, I won’t be surprised to see the kind of positive surprises which we have seen for with the Q4 numbers having posted by the company. If I go by the results which are being posted by Blue Star day before where the bottomline has come in the black against the Rs 45 crore loss of Q4, they posted a bottomline in black of about Rs 22 crore and Voltas is also in the similar space. I am keeping a positive stance and as I was referring to the Q4 numbers of Voltas if you recall when the results were announced share was ruling at about Rs 90 and it moved just in a single day by about maybe Rs 15 in a single day.”

He further added, “I am expecting that even if the results are likely to remain slightly dull which we may see on the similar lines as we have seen for JP Associates or Century Textile, both the results having declared today and yesterday can be viewed as half glass empty or half glass full. One can argue that the results are bad but I am looking both these results as positive. Similar could be the interpretation for Voltas also. Even if though the estimates are quite low against the company having performed for the similar quarter in the previous year but I am keeping my positive stance and if the stock corrects to about Rs 101-102 I don’t firstly see much correction coming in post the numbers come what may whether they come the slightly dull or whether they come better but if it comes slightly dull then I advice entering into the stock maybe at Rs 100-101 which can make the share to move back to about Rs 110 in this series, so positive stance but better to wait for the results and then take a call.”