Stock market analysts have maintained 'buy' rating on Voltas with an intraday target of Rs 157.

According to them, interested traders can purchase the stock above Rs 154 with a strict stop loss of Rs 151. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 160.

Shares of the company, on Thursday (Oct 29), closed at Rs 153.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 7.85 and 20.11 respectively. The share price has seen a 52-week high of Rs 170.10 and a low of Rs 31.10 on BSE.

Voltas, a Tata group enterprise, has registered an increase of 48.08% in its consolidated net profit for the three month period ended Sept 30, 2009.

During the third quarter, the company's consolidated profit stood at Rs 903.30 million as compared to profit of Rs 610 million during the corresponding period of the last year.

During the period under review, the company's consolidated total income surged 11.49% to Rs 11,141.70 million.

On a standalone basis, the company's profit saw an increase of 29.67% at Rs 806.4 million.