Hold Voltas, advises Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "Voltas has shown outperformance over the past couple of months. Our benchmark index is down by 10 percent from its recent high and the stock has appreciated more than 20 percent in last two months. It shows how strong this counter is. We believe that the trend is quite strong and over the next few weeks probably the stock can reach Rs 350-360."

"Therefore, it is advisable to hold on to this counter, probably one can take some money off the table and remain invested with a stop loss of Rs 300 for a target of Rs 350-355," he added.

At 11:23 hrs Voltas was quoting at Rs 327.55, up Rs 1.30, or 0.40 percent. It has touched an intraday high of Rs 331.05 and an intraday low of Rs 323.

Disclosure: Discussed stock may have been recommended to his clients but analyst does not have any personal positions