Voltas Ltd: The next target seems to be Rs.132-135

CMP: Rs.121.20

Last month  Goldman Sachs upgraded Voltas Limited to "Buy" from "Neutral" and raised its target price to Rs.145. 

"The upgrade was on back of optimism about the future returns from Volta's plan to increase capex in the Middle East, along with its stable position in the growing air-conditioning market," added report.