Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "I would not recommend Voltas as the first stock to buy. It is not a bad stock but we have entered an intermediate downtrend. Currently we are moving sideways, I believe that there is some more pain left on the downside and it look like depreciating further from here. So, investing in Voltas as of now is a no-no, I don’t think that seems like a good idea." "I think there are lots of stocks – Strides Arcolab, Lupin, Axis Bank, Larsen and Toubro (L&T), which look great but markets are at crucial level. I think one needs to be very careful, we haven’t been able to break out of this range for the past quite sometime and we could be seeing a downside coming in. So, Voltas is a no at current levels and stocks that I mentioned can be considered only on declines," he added.
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