India's Voltamp Transformers hits 1-year high on profit jump, special dividend

Voltamp Transformers

30/05/2019 08:03

** Shares of Vadodara, Gujarat-based transformer maker
 VOTL.NS  rise 14.6% to 1,228 rupees, highest since May 2, 2018
    ** Co reported 60% jump in March-qtr net profit and 18% rise
in revenue, after market hours on Wednesday  urn:newsml:reuters.com:*:nFWN2350DH
    ** Co also recommended special dividend of 7.5 rupees per
share, in addition to a dividend of 15 rupees per share
    ** Stock marks sharpest intraday gain since Feb 14, 2018,
sees strongest trading volume since March 2018 at ~25x the
30-day avg

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))