HomeNewsBusinessStocksBuy Voltas, advises Mehraboon Irani

Buy Voltas, advises Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities recommends buying Voltas.

February 07, 2014 / 17:36 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "I would buy Voltas. If I were to move into cyclicals Voltas is the best bet only for the simple reason that balance sheet is very clean. It is not leveraged at all."

On February 7, 2014 Voltas closed at Rs 118.40, up Rs 1.95, or 1.67 percent.

Story continues below Advertisement

The share touched its 52-week high Rs 124.50 and 52-week low Rs 62.70 on 10 December, 2013 and 04 September, 2013, respectively.

The company's trailing 12-month (TTM) EPS was at Rs 3.46 per share. (Dec, 2013). The stock's price-to-earnings (P/E) ratio was 34.22. The latest book value of the company is Rs 44.81 per share. At current value, the price-to-book value of the company was 2.64. The dividend yield of the company was 1.35 percent.

first published: Feb 7, 2014 05:36 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!