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Technical Report on Voltas by Shyam Advisory

November 22, 2021

Voltas is engaged in the business of air conditioning, refrigeration, electro –
mechanical projects as an EPC contractor both in domestic and international
geographies (Middle East and Singapore) and engineering product services for
mining, water management and treatment, construction equipments and textile
industry.Voltas was created 6 decades ago when Tata Sons joined hands with a swiss
company Volkart Brothers. Voltas is also one of the most reputed engineering
solution providers specializing in project management. The company has 5,000+
Customer sites actively managed across India


Technical View: The given chart had a long waited breakout and presently trading
on above the breakout level which seems to be good to entry point it may give
postive moment from the suggested level in this report, RSI is in to buying zone.
Volume analysis:- Delivery Volume is at 63 % till date, However; One month
averaged delivery volume fell by 11.73% and one day delivery volume increase by
141.17 % over 5 day average despite, which show stock is building up positive
momentum, Hence; we recommend “BUY’ signal @ 1210 upside target 1250 Stop
loss 1151.
Moving Averages :- Voltas Ltd. is trading higher than 20 day, 50 day, 100 day and
200 day moving averages but lower than 5 day moving averages
5 Day 1,251.90 100 Day 1,124.43
20 Day 1,224.67 200 Day 1,065.71
.
50 Day 1,231.45
Shareholding pattern:-


Promoters holding 30.3% , No change in pledge shares and promoters holdings.
Key Statistics
P/E Ratio
60.34
1-Yr Return
48.36
(Best) P/E Ratio
0.00
30 DA Vol (m)
0.09
(Best) PEG Ratio
6.62
EPS (Rs.)
15.87
Shares Outstanding (cr)
330.88
Best EPS Curr (Rs.)
19.80
Price/Book Ratio
6.34
Dividend
0.52
Price/Sales Ratio
4.25
Last Dividend
5.00