Wabco India spurts to record high after blockbuster Q1 outcome

Wabco India surged 13.15% to Rs 6,116 at 12:27 IST on BSE after net profit rose 54.9% to Rs 47.49 crore on 20.6% growth in total income to Rs 394.20 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 29 July 2015.

Meanwhile, the S&P BSE Sensex was up 253.83 points or 0.92% at 27,817.26

On BSE, so far 8,549 shares were traded in the counter as against average daily volume of 938 shares in the past one quarter.

The stock scaled a record high of Rs 6,179.70 in intraday trade today, 30 July 2015 so far during the day. The stock hit a low of Rs 5,600 so far during the day. The stock had hit a 52-week low of Rs 3,219.65 on 5 August 2014.

The stock had outperformed the market over the past one month till 29 July 2015, rising 0.73% compared with Sensex's 0.3% decline. The scrip, however, underperformed the market in past one quarter, falling 1.91% as against Sensex's 1.24% gain.

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

Wabco India provides solutions to the commercial vehicle segment of the automotive industry, which includes manufacturing ABS.

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