Voltas hits fresh record high on restructuring plan of B2B business

In Q2FY21,Voltas reported a healthy performance with consolidated revenue grew by 13 per cent year-on-year to Rs 1,613 crore led by revenue growth in all three segments.

Shares of Voltas hit a fresh record high of Rs 772.50, up 2.5 per cent on the BSE in the intra-day trade on Monday, after the company said its board has given "in-principle" approval for restructuring of B2B businesses.

The stock of the Tata Group consumer electronics company surpassed its previous high of Rs 768, touched on Friday, November 6, 2020. In the past three months, the stock outpaced the market by surging 30 per cent, as against 11 per cent rise in the S&P BSE Sensex.

"The directors have, in order to facilitate better focus on B2e Products businesses of the