Meanwhile, the BSE Sensex was up 282.21 points, or 1.12%, to 25,382.13.

On BSE, so far 4,265 shares were traded in the counter, compared with an average volume of 780 shares in the past one quarter.

The stock hit a high of Rs 3,569.90 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 3,240 so far during the day. The stock hit a 52-week low of Rs 1,509.50 on 28 August 2013.

The stock had outperformed the market over the past one month till 27 June 2014, rising 28.04% compared with 2.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 64.91% as against Sensex's 12.99% rise.

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

According to media reports, the government has issued a notification to make anti-lock braking system (ABS) compulsory for all new models of commercial vehicles staring April 2015 as a safety measure. For existing commercial vehicles, the vehicle makers will have to fit ABS before April next year, as per reports.

ABS helps control vehicles during emergency braking at high speeds by unlocking the wheels and allowing traction control by electronic distribution of pressure to wheels. This prevents the vehicle from skidding.

WABCO India provides solutions to the commercial vehicle segment of the automotive industry, which includes manufacturing ABS.

Net profit of WABCO India rose 17.24% to Rs 32.78 crore on 28.74% rise in net sales to Rs 298.61 crore in Q4 March 2014 over Q4 March 2013.