price performance 3 mth 6 1 yr voltas 50 2 109 594 4 370 0 sensex 18 34 81 221 8 core to the fore with its diversified products and applications range is one of best plays on ongoing capex boom in industrial services sectors rising exports back a construction upswing middle east imparts solidity s earnings profile besides operational efficiency terms manpower restructuring emphasis businesses would make competitive enough capitalize all round buoyancy we forecast cagr 63 over fy05 08 for driven by revenues at rs911 initiate coverage stock an outperformer rating target rs1 134 investments corporate india expansion spree capacity creation planned across industries involves massive projects under implementation estimated rs8 749bn as january 2006 next 10 12 years like too witnessing aggressive especially real estate petro dollars robust economic growth
