Voltamp Transformers zooms 77% in 2 months on strong results & MF buying

HDFC Mutual Fund increased stake in Voltamp Transformers to 5.25 per cent from 4.45 per cent held at the end of March quarter 2022

Shares of Voltamp Transformers continued their upward move and hit a new high of Rs 3,283, as they gained 5 per cent on the BSE in Friday’s intra-day trade. The shares quoted higher for fourth straight session, and have surged nearly 14 per cent during the period.

In the past two months, the market price of Voltamp Transformers has zoomed 77 per cent after the company reported strong March quarter (Q4FY22) results.

In Q4FY22, Voltamp’s sales grew by 36.3 per cent year on year (YoY) to Rs 387 crore driven by execution of healthy order inflows. Profit after