VA Tech Wabag declines after weak Q2 earnings

VA Tech Wabag fell 5.63% to Rs 1,516.50 at 9:50 IST on BSE after consolidated net profit declined 10.39% to Rs 15.61 crore on 8.95% rise in net sales to Rs 506.13 crore in Q2 September 2014 over Q2 September 2013.

The result was announced on Saturday, 8 November 2014.

Meanwhile, the BSE Sensex was up 33.31 points, or 0.12%, to 27,901.94.

On BSE, so far 4,897 shares were traded in the counter, compared with an average volume of 7,795 shares in the past one quarter.

The stock hit a high of Rs 1,595 and a low of Rs 1,507.20 so far during the day. The stock hit a record high of Rs 1,748 on 30 September 2014. The stock hit a 52-week low of Rs 480 on 27 November 2013.

The stock had underperformed the market over the past one month till 7 November 2014, falling 4.77% compared with 6.08% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 17.70% as against Sensex's 8.91% rise.

The mid-cap company has an equity capital of Rs 5.36 crore. Face value per share is Rs 2.

The company's order book stood at Rs 6906 crore in the half year ended September 2014.

VA Tech Wabag is a leading multinational company specialized in water and waste water management.

Powered by Capital Market - Live News