Wabco India declines after weak Q2 results

Wabco India lost 1.45% to Rs 5,450 at 15:24 IST on BSE after net profit fell 2.59% to Rs 47.21 crore on 8.55% growth in total income from operations to Rs 504.74 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 8 November 2016.

Meanwhile, the S&P BSE Sensex was up 137.19 points or 0.5% at 27,596.18.

On BSE, so far 3,804 shares were traded in the counter as against average daily volume of 486 shares in the past one quarter. The stock was extremely volatile. The stock lost as much as 3.25% at the day's low of Rs 5,350 so far during the day. The stock rose as much as 3.97% at the day's high of Rs 5,750 so far during the day. The stock had hit a 52-week high of Rs 6,750.90 on 9 November 2015. The stock had hit a 52-week low of Rs 5,172 on 20 January 2016. The stock had underperformed the market over the past one month till 7 November 2016, sliding 9.6% compared with 2.15% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 10.01% as against Sensex's 2.21% fall.

The large-cap company has equity capital of Rs 9.48 crore. Face value per share is Rs 5.

Wabco India designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems.

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