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VA TECH WABAG Gains 6%; BSE CAPITAL GOODS Index Down 0.9%
Wed, 23 Oct 14:35

VA TECH WABAG Gains 6%; BSE CAPITAL GOODS Index Down 0.9%Image source: Nikada/www.istockphoto.com

VA TECH WABAG share price has zoomed 6% and is presently trading at Rs 1,699.6.

Meanwhile, the BSE CAPITAL GOODS index is at 68,104.6 (down 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 3.5%) and GMR Infra (up 1.8%).

ABB (down 3.7%) and Siemens (down 3.0%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved up from Rs 463.2 to Rs 1,699.6, registering a gain of Rs 1,236.5 (up 267.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 68,104.6, registering a gain of 47.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.8%), Siemens (up 105.7%) and Bharat Electronics (up 103.1%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,195.5 .

The top losers among the BSE Sensex today are M&M (down 2.7%) and NTPC (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,455.7 (down 0.1%). M&M and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,195.5, registering a gain of 15,623.6 points (up 24.2%).

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 41.0.


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