Voltas corrects on profit booking

Voltas fell 4.30% to Rs 342.70 at 14:24 IST on BSE on profit booking after the stock rose 8.55% in the preceding seven trading sessions to Rs 358.10 on 23 June 2015, from a recent low of Rs 329.90 on 12 June 2015.

Meanwhile, the BSE Sensex was up 128.83 points, or 0.46%, to 27,933.20.

On BSE, so far 3.11 lakh shares were traded in the counter, compared with an average volume of 2.21 lakh shares in the past one quarter.

The stock hit a high of Rs 358.85 and a low of Rs 340.20 so far during the day. The stock hit a record high of Rs 360 on 23 June 2015. The stock hit a 52-week low of Rs 182.25 on 11 July 2014.

The stock had outperformed the market over the past one month till 23 June 2015, rising 12.26% compared with 0.55% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 30.50% as against Sensex's 1.38% fall.

The large-cap company has an equity capital of Rs 33.09 crore. Face value per share is Re 1.

Voltas' consolidated net profit rose 17.55% to Rs 118.04 crore on 2.3% rise in net sales to Rs 1484.09 crore in Q4 March 2015 over Q4 March 2014.

Voltas is air conditioning company and one of the world's premier engineering solutions providers and project specialists. Founded in India in 1954, Voltas 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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