VA TECH WABAG Plunges by 6%; BSE CAPITAL GOODS Index Up 0.2%
February 19, 2019 09:20 AM

VA TECH WABAG share price has plunged 6% and is presently trading at Rs 287.

Meanwhile, the BSE CAPITAL GOODS Index is at 16,359 (up 0.2%).

Among the top losers in the BSE CAPITAL GOODS Index today is VA TECH WABAG (down 6.4%).

SKF INDIA (up 1.9%) and SUZLON ENERGY (up 0.9%) are among the top gainers today.

Over the last one year, VA TECH WABAG has moved down from Rs 560 to Rs 287, registering a loss of Rs 274 (down 48.9%)..

The BSE CAPITAL GOODS has moved down from 18,901 to 16,359, loss of 2,542 points (down 13.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 36.1%), AIA ENGINEERING (up 13.3%) and SKF INDIA (up 7.4%).

What About the Benchmark Indices?

The BSE Sensex is at 35,543 (up 0.1%). The top gainers among the BSE Sensex stocks today are YES BANK (up 0.9%). The most traded stocks in the BSE Sensex are TATA MOTORS DVR and INDUSIND BANK.

In the meantime, NSE Nifty is at 10,637 . YES BANK (up 0.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,775 to 35,543, registering a gain of 1,768 points (up 5.2%).

VA TECH WABAG Financial Update...

VA TECH WABAG net profit down at Rs 121 million for the quarter ended December 2018, compared to a loss of Rs 351 million a year ago. Net Sales declined 23.5% to Rs 6.6 billion during the period as against Rs 8.6 billion in October-December 2017.

For the year ended March 2018, VA TECH WABAG reported 14.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.7 billion during FY17.

Revenue of the company grew 7.8% to Rs 35 billion during FY18.

The current Price to earnings ratio of VA TECH WABAG, based on rolling 12 month earnings, stands at 12.7x.