Ambareesh Baliga, COO, Way2Wealth is of the view that Voltas can move to Rs 110-120.
Baliga told CNBC-TV18, "Voltas can move to levels of about Rs 110-120. So one can hold on up to those levels. In Crompton Greaves those who have brought it at levels of Rs 120-125 we are asking them to hold on to levels of about Rs 150-160 which is achievable in case we see the momentum continuing for a while longer because the downside for both these stocks is limited. Voltas is limited to about Rs 90, Crompton is to about Rs 128-130."
Voltas trailing 12-month (TTM) EPS was at Rs 10.68 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 9.34. The latest book value of the company is Rs 38.43 per share. At current value, the price-to-book value of the company was 2.6. The dividend yield of the company was 2.01%.
