Buy Voltas; target Rs 118-119: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Voltas is finding sustained hurdle at around Rs 110-111 levels and now the stock is near to four weeks high levels. If it crosses Rs 111 then the positive move led by short covering may take stock towards Rs 118-119 levels. So if it crosses Rs 111 levels then only the buy recommendation is there in the stock for the target of Rs 118-119 with the stop loss of Rs 105 levels."

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 33.02. 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 2.55. The dividend yield of the company was 1.4 percent.