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Shares of Voltas today zoomed over 9 per cent, adding Rs 1,251 crore to its market valuation, after the company reported a 22 per cent increase in consolidated net profit for the fourth quarter ended March.
The stock ended the day at Rs 447.55, a sharp gain of 9.23 per cent on BSE. During the day, it surged 10.12 per cent to Rs 451.25 —— its 52—week high level.
On the NSE, shares of the company soared 8.94 per cent to end at Rs 446.50.
The company’s market valuation also jumped Rs 1,250.75 crore to Rs 14,808.75 crore.
In terms of volume, 13.20 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.
Tata Group firm Voltas yesterday reported 22.06 per cent increase in consolidated net profit at Rs 200.47 crore for the fourth quarter ended March 31.
The company had posted a net profit of Rs 164.23 crore in the January—March quarter a year ago.
Voltas’ total income during the period under review was up 10.20 per cent to Rs 2,096.86 crore, as against Rs 1,902.62 crore in the corresponding quarter a year ago.
Meanwhile, Voltas and Turkey’s Arcelik have decided to set up a USD 100 million joint venture for making a foray into the country’s consumer durables market.
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