Voltas shares surge nearly 9% post smart earnings

Shares of Tata Group firm Voltas Ltd today soared nearly 9 per cent after the company reported an increase of over two-and-a-half times in consolidated net profit for the first quarter ended on June 30, 2014.
Voltas scrip zoomed 8.37 per cent to settle at Rs 220.75 on the BSE. During the day, the stock surged 8.91 per cent to Rs 221.85.
At the NSE, the scrip rallied 8.73 per cent to end the day at Rs 221.
In terms of volume, 12.12 lakh shares of the company changed hands at the BSE, while over one crore shares were traded at the NSE during the day.

Voltas had yesterday reported an increase of over two-and- a-half times in consolidated net profit at Rs 108.99 crore for the first quarter ended on June 30, 2014.
The company had a consolidated net profit of Rs 40.75 crore in the April-June quarter of the previous fiscal.
Voltas consolidated net sales increased 9.39 per cent to Rs 1,752.31 crore during the quarter under review as against Rs 1,601.78 crore in the same period a year ago, the company had said in a statement.