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Voltas failed to meet net profit and EBITDA margin estimates for the quarter ended September.
Target: Rs 7,785 Stop loss: Rs 7,490 The stock is showing signs of reversal from its important support placed at 7,450 levels. It might show further strength if it moves above 7,620. Besides, the automobile stock is also sustaining above its important moving averages. We recommend buying the stock above 7,620 for the target of Rs 7,785, keeping a stop loss at Rs 7,490 on closing basis. Buy Voltas Limited (Above Rs 823) Target: Rs 843 Stop loss: Rs 808 The stock is showing signs of reversal from its important support zone placed at 800. It might show further strength if moves above 823. ...