Monday 8 February 2016

VA Tech Wabag surges 3%; Q3 net profit at Rs. 189mn

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 189.00 million for the quarter ended December 31, 2015 as compared to Rs. 138.30 mn for the quarter ended December 31, 2014.


VA Tech Wabag Ltd stock was higher by 3% at Rs. 584. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 189.00 million for the quarter ended December 31, 2015 as compared to Rs. 138.30 mn for the quarter ended December 31, 2014. 

Total Income has increased from Rs. 6194.10 mn for the quarter ended December 31, 2014 to Rs. 6307.70 mn for the quarter ended December 31, 2015.

Va Tech Wabag Ltd is currently trading at Rs. 587, up by Rs. 21.25 or 3.76% from its previous closing of Rs. 565.75 on the BSE.

The scrip opened at Rs. 570 and has touched a high and low of Rs. 598.7 and Rs. 570 respectively. So far 23613(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3082.36 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970 on 17-Mar-2015 and a 52 week low of Rs. 551.4 on 04-Feb-2016. Last one week high and low of the scrip stood at Rs. 594 and Rs. 551.4 respectively.

The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.

The stock is currently trading above its 200 DMA.

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