Sell Voltas, says Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18,"It is my solitary sell call today on Voltas with target of Rs 205 and a stoploss of Rs 250. I have mentioned this in one of the earlier interviews as well because we kind of disrespected two support zones of Rs 265 and Rs 245. The breakdown necessarily may not be immediate but it might be a very slow and steady downward move and I expect all the way a target of about Rs 205."

At 15:14 hrs Voltas was quoting at Rs 239.90, up Rs 3.95, or 1.67 percent on the BSE.

Disclosure: Analyst doesn't hold the above stock. Being an index trader he do have positions in the Nifty.