Voltamp Transformers hits 52-week high after decent Q4 results

Voltamp Transformers jumped 7.37% to Rs 1300 at 11:22 IST on BSE after net profit rose 17.9% to Rs 22.65 crore on 11.9% increase in net sales to Rs 228.17 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 15 May 2017.

Meanwhile, the S&P BSE Sensex was up 110.02 points, or 0.36% at 30,432.14. The S&P BSE Small-cap index was up 38.18 points, 0.24% at 15,688.55.

High volumes were witnessed on the counter. On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 7,573 shares in the past one quarter. The stock had hit a high of Rs 1,367 so far during the day, which is also its 52-week high. The stock hit a low of Rs 1,267.70 so far during the day.

The stock had hit a 52-week low of Rs 740 on 24 May 2016. The stock had underperformed the market over the past one month till 15 May 2017, declining 3.98% compared with the Sensex's 2.92% rise. The scrip had, however, outperformed the market over the past one quarter advancing 29.21% as against the Sensex's 7.69% rise.

The small-cap company has equity capital of Rs 10.12 crore. Face value per share is Rs 10.

Voltamp Transformers is engaged in the manufacturing of electrical transformers. The company's products include oil filled transformers, cast resin transformers, unitised sub-station, induction furnace transformers and lighting transformers.

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