Voltas has target of Rs 309, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "On Voltas we have set aside a target of about Rs 309 with one year time horizon and Larsen and Toubro (L&T) from Rs 1,440-1,450 odd levels rallied to about Rs 1,550-1,575. Over here again we have a long-term target of Rs 2,060. We are of an opinion that the initiatives taken by the government and of course the environment becoming more conducive for corporate India to go and invest in capex will definitely translate into lot of positive for a company like L&T which is one of the leaders in the capital good and engineering space." "Also if you have to go by the statements made by the managements of having of certain noncore businesses and getting them listed as separate entity that might also create a value unlocking in proposition. So, if you are willing to buy L&T with a long-term horizon my advice is to please go ahead and buy," he said.