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Technical Report on Voltas by Shyam Advisory

November 29, 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.

VOLTAS 1 1 - Shyam Advisory
Technical View: The given chart we can clearly see that stock has shown good pull
back from @ 1140, Overall stock is at uptrend but after seeing global cues and
formation of chart clearly indicate this stock may rally downtrend.
Volume analysis:- One month averaged delivery volume fell by 10.15% and one day
delivery volume increase by 66.02 % over 5 day average despite, fell in volume
compare to last week it may indicate stock may plunge from its present level Hence;
we recommend “SHORT’ signal @ 1164 Downside Target (1) 1140
Target (2) 1125, Stop loss 1215.
Moving Averages :- Voltas Ltd. is trading higher than 100 day and 200 day moving
averages but lower than 5 day, 20 day and 50 day moving averages
5 Day 1,213.14 20 Day 1,221.91 50 Day 1,236.24 100 Day 1,133.41 200 Day
Date:- 29/11/2021
Shareholding pattern:-

VOLTAS 2 1 - Shyam Advisory
Promoters holding 30.3% , No change in pledge shares and promoters holdings.
Key Statistics
P/E Ratio
1-Yr Return
(Best) P/E Ratio
30 DA Vol (m)
(Best) PEG Ratio
EPS (Rs.)
Shares Outstanding (cr)
Best EPS Curr (Rs.)
Price/Book Ratio
Price/Sales Ratio
Last Dividend