Ashish Chaturmohta of Fortune Group told CNBC-TV18, "Voltas is trading at its all time high and in last three trading sessions we have seen some profit booking happening in that stock. At current level, lot of long accumulation is happening at the lower end of the range around Rs 278 -280 odd level. So keeping a stop loss below Rs 275 one can initiate a long position in Voltas for an upside target of Rs 320."
At 13:34 hrs Voltas was quoting at Rs 282.60, up Rs 1.30, or 0.46 percent. It has touched an intraday high of Rs 285.35 and an intraday low of Rs 278.60.
Disclosure: Analyst does not have any personal holdings.
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