VA TECH WABAG Surges by 5%; BSE CAPITAL GOODS Index Down 0.6%
March 19, 2019 03:22 PM

VA TECH WABAG share price has zoomed 5% and is presently trading at Rs 339.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,259 (down 0.6%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is VA TECH WABAG (up 5.4%).

BEML LTD. (down 0.2%) and ELGI EQUIPMENTS (down 0.3%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved down from Rs 495 to Rs 339, registering a loss of Rs 156 (down 31.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,349 to 18,259, loss of 90 points (down 1.1%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 51.3%), AIA ENGINEERING (up 26.4%) and SKF INDIA (up 11.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,392 (up 0.7%).

The top gainers among the BSE Sensex stocks today are ITC (up 2.5%), RELIANCE IND. (up 2.2%) and BHARTI AIRTEL (up 2.1%). Other gainers include INFOSYS (up 1.7%) and ONGC (up 1.6%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,544 (up 0.7%). BHARTI INFRATEL (up 3.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,392, registering a gain of 5,469 points (up 16.6%).

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 16.0x.