Extending its rally for the second straight session today, shares of Voltas jumped over 6 per cent after the company reported a 22 per cent jump in net profit for March quarter and announced a foray into home appliances market.
The stock soared 6.25 per cent to settle at Rs 475.50 on BSE. Intra-day, it gained 8.14 per cent to Rs 484.
At NSE, shares of the company advanced 6.32 per cent to close at Rs 474.75.
Shares of Voltas had zoomed 9 per cent yesterday. It added Rs 2,175.57 crore in market valuation in two days.
The company had posted a net profit of Rs 164.23 crore in the January-March quarter a year ago.
Voltas' total income during the period under review was up 10.20 per cent to Rs 2,096.86 crore, as against Rs 1,902.62 crore in the corresponding quarter a year ago.
Voltas and Turkey's Arcelik have decided to set up a $100 million joint venture for making a foray into India's consumer durables market.