- Voltas Limited is an Indian engineering company that manufactures air conditioning and refrigeration equipment. It is part of the Tata Group and based in Mumbai. - The company provided air conditioning for the RMS Queen Mary 2 ocean liner and Burj Khalifa skyscraper. It has a large service network across major Indian cities. - The technical analysis recommends buying Voltas Limited given its strong technical indicators and price potential of Rs. 325, with a stop loss of Rs. 260.

1. About Voltas Limited
• Voltas Limited is an engineering, air conditioning and refrigeration company based
in Mumbai, India. It makes equipment for industries in areas such as heating, ventilation
and air conditioning, refrigeration, construction equipment, materials handling, water
management, building management systems, indoor air quality and chemicals.
• The Company was Incorporated on 6 September 1954 at Mumbai. The Company was
promoted in 1954 by M/s. Volkart Brothers and Tatas Voltas is a part of the Tata Group. The
managing director is Mr. Sanjay Johri.
• Voltas provided the air-conditioning for the world's biggest ocean liner, the RMS Queen
Mary 2 and also the world's tallest building, the Burj Khalifa. The Voltas company has large
Service Network. Voltas has its own service center in each major city.
• In 2014, Voltas was ranked 39th among India's most trusted brands according to the Brand
Trust Report, a study conducted by Trust Research Advisory.
• Technical Outlook
• On daily chart, Voltas has taken the multiple support of its strong trend line which suggest that,
the stock has full potential to trade at higher price levels in the next coming sessions.
• The 100-DEMA has worked excellent for the stock and whenever the stock has taken the
support at this levels it has witnessed brief bounce back, as the correction is completed, hence
we believe prices can move towards new highs.
• The leading indicator RSI has moved above 40 levels which indicates bullish confirmation for
the stock.
• Based on this strong technical set-up we suggest to accumulate the stock for the upside target
of 325 levels.
Company Voltas Limited
Recommendation Buy
Sector :
Construction &
Engineering
CMP : 280.55
Price Potential : 325
Stoploss (Closing Basis): 260
Mkt Cap (Rs. Mn): 9,283
TM EPS (Rs) 9.71
TTM Sales (Rs. Cr.) 5,163
BVPS (Rs.) 55.54
Reserves (Rs. Cr.) 1,805
P/BV 5.05
PE 30.59
Bloomberg Code : VOLT:IN
Reuters Code : VOLT.BO
TW = Twelve Months
TTM= Trailing 12 months
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: VOLTAS Limited
2nd May 2015
www.choiceindia.com *Please Refer Disclaimer on Website

2. Pick of the Week: VOLTAS Limited
02nd May 2015
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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