VOLTAS HOLD OR SELL

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Manna, Sep 21, 2015.

  1. Manna

    Manna New Member

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    NEEDED SOME INSIGHT REGARDING WHAT TO DO WITH VOLTAS : HOLD OR SELL
    I DONT MIND HOLDING IT FOR A LONG TERM. ANY REASON FOR THE CURRENT DOWNFALL ?
     
  2. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Dear Manna ,

    Voltas is a very good company ..it is a TATA Group product and one of the market leaders in that sector

    it is corrected from Rs. 360 levels , Now trading at Rs. 257 , after crossing Rs. 275 levels it may go to Rs. 300 -325 levels
    now it is in a consolidation level ...

    please hold this stock for medium to long term ... it is a very good stock

    Rs. 200 below it may go to long term bearish market ....
    Due to China currency war and middle east unsuitability (Iraq , Iran , Syria ) , and Greece, malta and turkey exports issues is the major factors for this weakness ...but in long term it is a good company ....don't worry about this stock .....
    2016 first quarter results on wards , it will recover in price and valuations also...
     
    Last edited: Sep 21, 2015
    kharb likes this.
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