Wendt (India) jumps after strong Q4 earnings

Wendt (India) surged 7.09% to Rs 1859 at 12:20 IST on BSE after consolidated net profit rose 117.7% to Rs 4.42 crore on 11.6% growth in net sales to Rs 32.74 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 21 April 2015.

Meanwhile, the S&P BSE Sensex was up 87.53 points or 0.32% at 27,763.57.

On BSE, so far 3,253 shares were traded in the counter as against average daily volume of 274 shares in the past one quarter.

The stock hit a high of Rs 1,874 and a low of Rs 1,780 so far during the day. The stock had hit a record high of Rs 2,255.50 on 3 December 2014. The stock had hit a 52-week low of Rs 1,088 on 21 April 2014.

The stock had outperformed the market over the past one month till 21 April 2015, advancing 2.12% compared with the Sensex's 2.07% fall. The scrip had, however, underperformed the market in past one quarter, sliding 14.05% as against Sensex's 4.2% fall.

The small-cap company has equity capital of Rs 2 crore. Face value per share is Rs 10.

Wendt (India) is a leading manufacturer of super abrasive grinding wheels (diamond and cubic boron nitride), special purpose grinding machines and tools.

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