Voltas may clock 20-25% profit growth over next few years; stock holds immense upside potential: Dilip Bhat

In a chat with ET Now, Dilip Bhat, Jt MD, Prabhudas Lilladher, talks about the companies that have come out with good set of quarterly numbers.

ET Now: Let us talk about a list of stocks which are trading at fresh highs. Most of these companies have also come up with good set of numbers. Here, I am talking about stocks such as Dish TV, UPL, Welspun India, Ricoh India and Voltas. It seems that good numbers are getting rewarded. What has stood out for you in this earnings season? Anything that came out with numbers that made you feel that this is an infliction point for the company?

Dilip Bhat: Voltas is certainly one of the stocks that have really inspired us. The numbers by the company are pretty strong. Even going forward, if we were to take each of the company’s verticals other than air-conditioning segment, the outlook is positive. The (Mechanical, electrical & public health) MEP, which is the infrastructure-relating, export-oriented segment, is looking up.
So I think that Voltas is still the one that I would like to buy even at the current levels. We expect the firm to report a bottom line growth of around 20-25 per cent over next couple of years. The stock still holds the great potential for appreciation.