Voltas fell 1.94% to Rs 363.50 at 13:57 IST on BSE on profit booking after the company announced strong Q1 June 2016 results during trading hours.
Meanwhile, the S&P BSE Sensex was up 47.58 points, or 0.17%, to 28,050.70.
On BSE, so far 6.21 lakh shares were traded in the counter, compared with an average daily volume of 1.38 lakh shares in the past one quarter. The stock hit a high of Rs 376 so far during the day, which is a record high for the counter. The stock hit a low of Rs 361.35 so far during the day. The stock hit a 52-week low of Rs 211.20 on 12 February 2016. The stock had outperformed the market over the past one month till 1 August 2016, rising 16.66% compared with 3.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.43% as against Sensex's 9.36% rise.
The large-cap company has an equity capital of Rs 33.09 crore. Face value per share is Re 1.
Shares of Voltas had witnessed a strong rally ahead of the announcement of the first quarter results. The stock jumped 10.82% in six trading sessions to settle at Rs 370.70 yesterday, 1 August 2016, from its close of Rs 334.50 on 22 July 2016.
On a consolidated basis, Voltas' net profit rose 53.72% to Rs 157.62 crore on 18.99% increase in total income to Rs 1890.90 crore in Q1 June 2016 over Q1 June 2015.
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Voltas is an air conditioning company and one of the world's premier engineering solutions providers and project specialists. Voltas offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
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