Consumer durable stocks rally; Voltas jumps 10%, Symphony up 7% post Q4 nos

For the quarter under review, Voltas reported a 12.52 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 159.50 crore

Shares of consumer durable companies, Voltas and Symphony, were trading in the green on Monday post-their result announcements for the quarter ended March 31, 2020. 

At 09:28 am, Voltas was up 10 per cent at Rs 528 on the BSE while Symphony was ruling around 7 per cent higher at Rs 959. In comparison, the S&P BSE Sensex was trading over 2 per cent higher at 33,187.17 levels. 

Other consumer durable firm were also trading with decent gains. For instance, Amber Enterprises was trading over 6 per cent higher at Rs 1,324 and Havells was up nearly 2 per cent