Cooling division making Voltas a hot pick: Hemindra Hazari

In a chat with ET Now, market expert Hemindra Hazari shares his view on Voltas.

ET Now: What has stood out for you amongst the stocks which are in news? Is there any stock that you would like to advocate?

Hemindra Hazari: Voltas has come out with a good set of numbers. The air conditioning segment, which accounts for 50 per cent of the company’s overall volumes, is doing well.

The segment has clocked a growth of 19 per cent in the March quarter. Unfortunately, other divisions are not performing that well.

Thus, the call is really on the cooling division that may continue to report strong numbers. The segment will be the key for the company. It is the trigger that is driving the stock higher.