Voltas Ltd: Trying to take off..........
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Voltas Ltd had a solid consolidation phase around Rs.101-103 ranges and now it seems the party for the bulls will start. The company came out with superb set of numbers for the Q4FY12. Voltas Ltd earlier informed that it has declared a Dividend of Rs.1.60 per share on face value of Re. 1 per share (160%) for the year 2011-12.
If we look at the shareholding pattern then we would see that FIIs and Corporates have increased their stake in the company, speaking sequentially and Q-o-Q basis. I see the scrip touching Rs.120, in the coming days.
If we look at the shareholding pattern then we would see that FIIs and Corporates have increased their stake in the company, speaking sequentially and Q-o-Q basis. I see the scrip touching Rs.120, in the coming days.
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