Voltamp Transformers stock price has gone up 180% in one year; why it is this week’s top stock
The manufacturer and supplier of electrical transformers enjoys a dominant position, with its products catering to various industries, including data centres, oil and gas, metals, minerals, infrastructure and green energy. Its product mix includes power, distribution and dry transformers. The company reported a strong operating performance in the June quarter, led by a healthy demand momentum. Its revenue and PAT grew by 32.9% and 56.5% year-on-year, respectively. While improved volumes supported the top line, higher other income and lower effective tax rate aided the net profit.
The company benefits from the government’s focus on the infrastructure sector (railway capex, energy security, transition to renewable energy), and strong…
