Hot Pursuit     27-Jul-11
WABCO-TVS speeds up on good Q1 numbers
WABCO-TVS (India) surged 3.37% to Rs 1238 at 10:56 IST on BSE, after net profit rose 22% to Rs 34.15 crore on 20.2% increase in net sales to Rs 236.41 crore in Q1 June 2011 over Q1 June 2010.

The company announced the results after market hours on Tuesday, 26 July 2011.

Meanwhile, the BSE Sensex was down 36.45 points, or 0.20%, to 18,481.77.

On BSE, 116 shares were traded in the counter as against an average daily volume of 1,797 shares in the past one quarter.

The stock hit a high of Rs 1238 and a low of Rs 1205 so far during the day. The stock had hit a record high of Rs 1316 on 7 September 2010 and a 52-week low of Rs 823 on 27 July 2010.

The mid-cap stock had outperformed the market over the past one month till 26 July 2011, gaining 17.46% compared with the Sensex's return of 1.52%. The scrip had also outperformed the market in past one quarter, rising 19.76% as against 5.26% decline in the Sensex.

The company has an equity capital of Rs 9.48 crore. Face value per share is Rs 5.

WABCO-TVS (INDIA) manufactures air brake actuation systems for commercial vehicles.

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