Voltas surged 5.89% to Rs 233.75 at 13:07 IST on BSE, with the stock extending recent rally triggered by the company reporting strong Q1 earnings.
Meanwhile, the S&P BSE Sensex was up 163.74 points or 0.63% at 26,266.97.
On BSE, so far 6.25 lakh shares were traded in the counter as against average daily volume of 3.90 lakh shares in the past one quarter.
The stock hit a high of Rs 236.55 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 221 so far during the day. The stock had hit a 52-week low of Rs 62.70 on 4 September 2013.
The stock had outperformed the market over the past one month till 14 August 2014, surging 16.98% compared with Sensex's 4.38% rise. The scrip had also outperformed the market in past one quarter, advancing 24.37% as against Sensex's 9.61% rise.
The mid-cap company has equity capital of Rs 33.09 crore. Face value per share is Re 1.
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Shares of Voltas have rallied 14.75% in two trading sessions from a recent low of Rs 203.70 on 13 August 2014, after the company after market hours on Wednesday, 13 August 2014, reported strong Q1 earnings. The stock had rallied 8.37% to settle at Rs 220.75 on Thursday, 14 August 2014. The stock market was closed on Friday, 15 August 2014, on account of Independence Day.
Voltas' consolidated net profit jumped 165.85% to Rs 109 crore on 9.36% growth in sales to Rs 1752 crore in Q1 June 2014 over Q1 June 2013. Operating profit (profit before exceptional items & tax) jumped 143.33% to Rs 146 crore in Q1 June 2014 over Q1 June 2013.
Voltas is India's largest air conditioning company, and one of the world's premier engineering solutions providers and project specialists. It 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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