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VA TECH WABAG Plunges 6%; BSE CAPITAL GOODS Index Down 0.1%
Mon, 21 Oct 11:29

VA TECH WABAG Plunges 6%; BSE CAPITAL GOODS Index Down 0.1%Image source: ipopba/www.istockphoto.com

VA TECH WABAG share price has plunged 6% and is presently trading at Rs 1,751.8.

Meanwhile, the BSE CAPITAL GOODS index is at 71,715.8 (down 0.1%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 2.6%) and ABB (down 2.4%).

Lakshmi Machine (up 1.8%) and Bharat Forge (up 1.0%) are among the top gainers today.

Over the last one year, VA TECH WABAG has moved up from Rs 504.8 to Rs 1,751.8, registering a gain of Rs 1,247.0 (up 247.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,057.9 to 71,715.8, registering a gain of 49.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 131.6%), Siemens (up 113.1%) and Bharat Electronics (up 106.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,165.0 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 5.5%) and Indusind Bank (down 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,791.3 (down 0.3%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,165.0, registering a gain of 14,737.0 points (up 22.2%).

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 42.3.


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