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Voltamp Transformers advances after good Q1 results

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Capital Market
Last Updated : Aug 15 2017 | 12:01 AM IST

Voltamp Transformers rose 2.96% to Rs 1,100 at 11:01 IST on BSE after net profit rose 30.7% to Rs 14.50 crore on 13.3% increase in net sales to Rs 130.45 crore in Q1 June 2017 over Q1 June 2016.

The result was announced on Saturday, 12 August 2017.

Meanwhile, the S&P BSE Sensex was up 223.32 points, or 0.72% at 31,436.91. The S&P BSE Small-Cap index was up 303.36 points, or 2.02% at 15,339.69.

On the BSE, 5,070 shares were traded on the counter so far as against the average daily volumes of 4,660 shares in the past one quarter. The stock had hit a high of Rs 1,160 and a low of Rs 1,100 so far during the day. The stock had hit a 52-week high of Rs 1,367 on 16 May 2017 and a 52-week low of Rs 751 on 9 November 2016.

The stock had underperformed the market over the past one month till 11 Aug 2017, declining 17.16% compared with the Sensex's 1.68% fall. The scrip had also underperformed the market over the past one quarter declining 12% as against the Sensex's 3.18% rise. The scrip had, however, outperformed the market over the past one year advancing 31.05% as against the Sensex's 12.04% rise.

The small-cap company has equity capital of Rs 10.12 crore. Face value per share is Rs 10.

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Voltamp Transformers is engaged in the manufacturing of electrical transformers. The company's products include oil filled transformers, cast resin transformers, unitised sub-station, induction furnace transformers and lighting transformers.

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First Published: Aug 14 2017 | 11:02 AM IST

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