Book profit in Voltas at current levels: SP Tulsian, Latest stock price
“Voltas I have been taking a call of Rs 125 but the stock has moved to Rs 135. Probably I may see some corrections happening in October. This kind of euphoria must have happened largely because of the technical positions.”
He further added, “I don’t expect anything extraordinary will be seen for Q2 numbers. Definitely Q2 numbers are likely to be better than Q1 but purely on fundamentals and even taking the other factors into consideration you don’t justify a price of more than Rs 125-130. So maybe the technical forces has made it to move so much, that kind of technical built up you have started seeing happening for the last couple of months so I won’t be keeping my long view, maybe profit booking is advised at this level.”
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