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Voltas shares end over 9 pc higher, mcap rises by Rs 1,251 cr

Shares of Voltas today zoomed over 9 per cent, adding Rs 1,251 crore to its market valuation, after the company reported a 22 per cent increase in consolidated net profit for the fourth quarter ended March.

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Shares of Voltas today zoomed

over 9 per cent, adding Rs 1,251 crore to its market

valuation, after the company reported a 22 per cent increase

in consolidated net profit for the fourth quarter ended March.

The stock ended the day at Rs 447.55, a sharp gain of

9.23 per cent on BSE. During the day, it surged 10.12 per cent

to Rs 451.25 -- its 52-week high level.

On NSE, shares of the company soared 8.94 per cent to end

at Rs 446.50.

The company's market valuation also jumped Rs 1,250.75

crore to Rs 14,808.75 crore.

In terms of volume, 13.20 lakh shares of the company were

traded on BSE and over one crore shares changed hands on NSE

during the day.

Tata Group firm Voltas yesterday reported 22.06 per cent

increase in consolidated net profit at Rs 200.47 crore for the

fourth quarter ended March 31.

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.

Meanwhile, Voltas and Turkey's Arcelik have decided to

set up a USD 100 million joint venture for making a foray into

the country's consumer durables market.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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