Voltas shares gained over 5 per cent after Citi upgraded the stock to "buy" from "sell" and raises its target to Rs 128 from Rs 84, citing improvement at unitary cooling and engineering agency divisions, dealers said. (Track stock)
"Better-than-expected performance of unitary cooling (UCP) and engineering agency (EA) over the short term more than makes up for delayed recovery of electro-mechanical projects (EMP)," Citi said in a report on Wednesday.
Copyright Thomson Reuters 2014
ADVERTISEMENT
RECOMMENDED FOR YOU
POPULAR
1
Asian Stocks See Cautious Start On Fed Easing Doubts And Muted Wall Street Cues
2
Trade Setup For Nov. 18: Nifty Sees Resistance At 23,800 Amid Earnings Weakness
3
US Stocks Erase More Than Half Post-Election Gains: Market Wrap
4
Stock Market Today: All You Need To Know Going Into Trade On Nov. 18
5