WABCO India gains after strong Q4 results

WABCO India rose 1.30% to Rs 6000 at 9:18 IST on BSE after net profit rose 88.45% to Rs 57.29 crore on 48.85% rise in net sales to Rs 539.36 crore in Q4 March 2016 over Q4 March 2015.

The announcement was made after market hours yesterday, 19 May 2016.

Meanwhile, the BSE Sensex was up 76.99 points, or 0.30%, to 25,476.71.

On BSE, so far 408 shares were traded in the counter, compared with an average volume of 1,028 shares in the past one quarter. The stock hit a high of Rs 6,175 and a low of Rs 5,977.10 so far during the day. The stock hit a record high of Rs 7,449 on 19 August 2015. The stock 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 19 May 2016, falling 1.62% compared with 1.61% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 7.27% as against Sensex's 7.13% rise.

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

Net profit of WABCO India rose 69.58% to Rs 204.62 crore on 36.83% rise in net sales to Rs 1739.86 crore in the year ended March 2016 over the year ended March 2015.

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

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