Voltas slips over 3% on disappointing Q4

Posted By: Religare
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Shares of Voltas, India's leading AC Company, fell over 3 per cent in early trade on Bombay Stock Exchange (BSE) on weak set fourth quarter earnings number.

The Tata group firm reported a whopping decline of 91 per cent in consolidated net profit at Rs 9 crore for the quarter ended March 31, 2013.

Reacting to numbers, shares of company declined as much as 3.57 per cent to trade at Rs 89.10 a piece on the BSE.

In a similar fashion, shares of the company were trading at Rs 90.15 a piece, down 2.17 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 20,282.20, up 58.22 points or 0.29 per cent at 9:40 hours.

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