VOLTAS for 1590+Voltas Limited is an Indian multinational home appliances company. It designs, develops, manufactures and sells products including air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, water dispensers. Voltas is India's largest air conditioning company by market share.
as I go through its quarterly results it seems to be a good number and chart is also looking good.
So, I am supper bullish on Voltas for upcoming weeks as Voltas has recently given breakout and waiting for his confirmation.
CMP: 1565
SL: 1520- 1525
T1: 1590
T2: 1610
Note: This is not stock recommendation it is only for educational purpose.
Voltaslongterm
VOLTAS HAS MORE STEAM LEFT FOR MORE UPSIDEVoltas has good support zone around 1035 - 990 and until this is holding we expect to see another upmove towards 1250 - 1300 zone.
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InvestPro India
Voltas Opportunities :
Positive Breakout Second Resistance ( LTP > R2)
RSI indicating price strength
High Volume, High Gain
Strength :
Company with Low Debt
Strong cash generating ability from core business -
Improving Cash Flow from operation for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Weaknesses :
MFs decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 3 quarters
Declining Net Cash Flow : Companies not able to generate net cash
Major fall in TTM Net Profit
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)