May 24, 2017 / 4:57 AM / 2 months ago

BUZZ-India's Voltas hits record high on Q4 profit beat

1 Min Read

** Shares of Voltas Ltd rise as much as 10 pct to a record high of 450.80 rupees; posts biggest intraday pct gain since May 22, 2015

** Company posted a 22 pct jump in Q4 consolidated profit on Tuesday, beating analysts' estimates bit.ly/2qUJaWy

** Sales growth from unitary cooling products such as air conditioners was stronger than expected, analysts at Nomura write

** About 7.2 mln shares traded by 0429 GMT, nearly six times the stock's 30-day avg

** As of Tuesday's close, stock gained about 25 pct this year

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