Voltas will be around Rs 250 in next two months: Dilip Bhat, Joint MD, Prabhudas Lilladher

Dilip Bhat, Joint Managing Director, Prabhudas Lilladher spoke to ET Now on Voltas.

Why do you have buy call on Voltas?

This is one of the few stocks where the visibility is pretty good. The macro environment is really supportive of the business that they are doing at the moment and very frankly, this is one of the few companies in that space which are generating a huge amount of ROE of around 25% plus good amount of free cash. But more importantly, in two years' time, it can have a profit of something like Rs 500 crore plus or maybe Rs 550 crore. That is not impossible.

So all said and done, this is one of the few stocks where all the verticals are reasonably on the sound footing and we see a good amount of growth. So that being the case, Voltas probably from the current level, we expect the price to be around Rs 250 in the next two months.