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Enter Voltas, says Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services is of the view that one may enter Voltas as the stock may hit Rs 300-310.

May 07, 2015 / 14:40 IST
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Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "Voltas is a good interesting trade, when Nifty hit about 9,000 Voltas was at about Rs 260-255 range. Right now it is still closer to that range which means that it is relatively outperforming the Index. If you look on charts also it has not formed any series of lower-lows and lower-highs which clearly indicates that it is in an uptrend."

"Today’s fall is a good entry point with a stop loss of Rs 255. On the upside Rs 300-310 is what is possible on Voltas," he added.

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Disclosure: Analyst has advised the stock to his clients, so they may have the positions.

first published: May 7, 2015 02:40 pm

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