VA TECH WABAG Surges by 5%; BSE CAPITAL GOODS Index Up 1.2%
October 30, 2019 10:16 AM

VA TECH WABAG share price has zoomed 5% and is presently trading at Rs 206.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,964 (up 1.2%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are VA TECH WABAG (up 5.4%) and BHEL (up 10.2%).

ABB INDIA (down 0.5%) and HONEYWELL AUTOMATION (down 0.9%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved down from Rs 251 to Rs 206, registering a loss of Rs 44 (down 18.6%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,010 to 18,964, registering a gain of 1,954 points (up 11.0%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were SIEMENS (up 87.8%), KALPATARU POWER (up 53.0%) and HONEYWELL AUTOMATION (up 45.7%).

What About the Benchmark Indices?

The BSE Sensex is at 40,100 (up 0.3%).

The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.5%), BHARTI AIRTEL (up 1.7%) and ITC (up 1.5%). Other gainers include L&T (up 1.3%) and VEDANTA LTD (up 1.1%). The most traded stocks in the BSE Sensex are YES BANK and INFOSYS.

In the meantime, NSE Nifty is at 11,884 (up 0.4%). BHARTI INFRATEL (up 2.9%) and IOC (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,067 to 40,100, registering a gain of 6,033 points (up 17.3%).

VA TECH WABAG Financial Update...

VA TECH WABAG net profit down at Rs 5 million for the quarter ended June 2019, compared to a loss of Rs 121 million a year ago. Net Sales declined 31.0% to Rs 4.6 billion during the period as against Rs 6.6 billion in April-June 2018.

For the year ended March 2019, VA TECH WABAG reported 40.6% decrease in net profit to Rs 859.0 million compared to net profit of Rs 1.4 billion during FY18.

Revenue of the company grew 19.6% to Rs 28 billion during FY19.

The current Price to earnings ratio of VA TECH WABAG, based on rolling 12 month earnings, stands at 15.0x.