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VA TECH WABAG Surges by 8%; BSE CAPITAL GOODS Index Up 0.4%

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VA TECH WABAG Surges by 8%; BSE CAPITAL GOODS Index Up 0.4%
Fri, 1 Mar 09:22 AM

VA TECH WABAG share price has zoomed 8% and is presently trading at Rs 316.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,157 (up 0.4%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are VA TECH WABAG (up 7.6%) and SADBHAV ENGINEERING (up 8.5%).

THERMAX LTD (down 0.1%) and AIA ENGINEERING (down 0.4%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved down from Rs 551 to Rs 316, registering a loss of Rs 235 (down 43.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 19,076 to 17,157, loss of 1,919 points (down 10.1%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 41.0%), AIA ENGINEERING (up 19.7%) and SKF INDIA (up 8.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,018 (up 0.4%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 2.8%), VEDANTA LTD (up 1.5%) and YES BANK (up 1.4%). Other gainers include KOTAK MAH. BANK (up 1.0%) and HERO MOTOCORP (up 1.0%). The most traded stocks in the BSE Sensex are ASIAN PAINTS and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 10,861 (up 0.5%). VEDANTA LTD (up 2.1%) and YES BANK (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,184 to 36,018, registering a gain of 1,834 points (up 5.4%).

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 14.7x.

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