Voltamp Transformers zooms 9%, stock up 32% in two weeks on strong Q4 nos
Shares of Voltamp Transformers hit a record high of Rs 2,375, on rallying 9 per cent on the BSE in Tuesday’s trade in an otherwise weak market. The stock has now logged gains in the last 10 straight trading sessions after the company reported strong earnings for the quarter ended March 2022 (Q4FY22). The board also recommended a dividend of Rs 35 per equity share. Meanwhile, the S&P BSE Sensex was down 0.55 per cent at 55,618 at 10:11 am.
The stock of the company engaged in electrical transformers has zoomed 32 per cent in past two weeks, as against a 2.4 per cent rise in the benchmark index. The stock surpassed its previous high of Rs 2,255 touched on December 6, 2021.
