Voltas, a market leader in the heating, ventilation and air-conditioning segment, which forms over 50 per cent of total revenues, is active in India and West Asia, where spending has been on the rise. This segment is set to grow at about 25-30 per cent annually and the company is expected to show strong earnings.

The stock had moved up smartly from Rs 601 to Rs 1,086 by May this year, before slipping a bit. After the stock split, Voltas appears to have stagnated, but trends show that the stock seems to have exhausted its sharp downturn.

Voltas now seems to have commenced an intermediate uptrend and with the indicators looking strong, we are likely to see the stock rise further.

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