Voltas has target of Rs 111: Hemant Thukral

Voltas has target of Rs 111, says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.

Thukral told CNBC-TV18, "Voltas has been more on a hibernation mode because it’s been consolidating between Rs 92 and Rs 103 mark. Now on Friday this stock has managed to close above Rs 104 and with open interest tradition of 26%. Importantly the cost has moved up clearly implying that lot of long positions have been added up."
He further added, "In an immediate short term we are seeing a target of Rs 111 and people who are going long on it should keep a tight stop loss of Rs 100. So among all the infrastructure pack, I think Voltas can be an outperformer because it has been a complete underperformer in the last rally."