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VA TECH WABAG Gains 5%; BSE CAPITAL GOODS Index Down 0.4%
Fri, 6 Sep 9:34

VA TECH WABAG Gains 5%; BSE CAPITAL GOODS Index Down 0.4%Image source: peterschreiber.media/www.istockphoto.com

VA TECH WABAG share price has zoomed 5% and is presently trading at Rs 1,356.8.

Meanwhile, the BSE CAPITAL GOODS index is at 72,097.9 (down 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (up 2.9%) and Lakshmi Machine (up 2.6%).

Bharat Electronics (down 2.0%) and BHEL (down 1.9%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved up from Rs 499.3 to Rs 1,356.8, registering a gain of Rs 857.5 (up 171.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,617.4 to 72,097.9, registering a gain of 58.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 141.4%), Bharat Electronics (up 102.7%) and ADANI GREEN ENERGY (up 99.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,984.0 (down 0.3%).

The top losers among the BSE Sensex today are SBI (down 1.3%) and Ultratech Cement (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,138.0 . SBI and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,628.1 to 81,984.0, registering a gain of 16,355.8 points (up 24.9%).

VA TECH WABAG Financial Update...

VA TECH WABAG net profit fell 4.0% YoY to Rs 570 million for the quarter ended June 2024, compared to a profit of Rs 594 million a year ago. Net sales rose 13.3% to Rs 6,265 million during the period as against Rs 5,528 million in April-June 2023.

For the year ended March 2024, VA TECH WABAG reported 2176.4% increase in net profit to Rs 2,504 million compared to net profit of Rs 110 million during FY23. Revenue of the company fell 3.5% to Rs 28,564 million during FY24.

The current Price to earnings ratio of VA TECH WABAG, based on rolling 12 month earnings, stands at 32.8.


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