HomeNewsBusinessStocksSell Voltas, target Rs 210: Manish Hathiramani

Sell Voltas, target Rs 210: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments is of the view that one may sell Voltas with a target of Rs 210.

December 26, 2014 / 15:05 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "A sell on Voltas is with a target of Rs 210 and a stoploss of Rs 250. A very slow and steady decline we have seen on this particular stock and after it broke the levels of Rs 265 it even disrespected the next support of Rs 245. I feel it is a very good shorting candidate."

At 14:36 hrs Voltas was quoting at Rs 237.50, up Rs 2.10, or 0.89 percent on the BSE.

Story continues below Advertisement

The share touched its 52-week high Rs 286.50 and 52-week low Rs 97.05 on 24 November, 2014 and 28 January, 2014, respectively.

first published: Dec 26, 2014 02:41 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!