Meanwhile, the BSE Sensex was down 6.93 points, or 0.04%, to 17,002.24.

On BSE, 1,980 shares were traded in the counter as against an average daily volume of 2,516 shares in the past one quarter.

The stock hit a high of Rs 450 so far during the day, which is a record high for the counter. The stock hit a low of Rs 425 so far during the day. The stock had hit a 52-week low of Rs 100 on 17 March 2009.

The small-cap stock had outperformed the market over the past one month till 21 October 2009, rising 20.79% as compared to the Sensex's 1.60% rise. It had also outperformed the market in the past one quarter, surging 76.21% as compared to the Sensex's return of 12.92%.

The company's equity capital is Rs 9.48 crore. Face value per share is Rs 5.

The current price of Rs 450 discounts the company's Q2 September 2009 annualized EPS of Rs 40.06, by a PE multiple of 11.23.

WABCO-TVS India's net sales rose 6.9% to Rs 138.92 crore in Q2 September 2009 over Q2 September 2008. The company announced the results after market hours on Wednesday, 21 October 2009.

The company is engaged in manufacturing air-assisted and air brake systems for commercial vehicles. The company's products includes air assist and full air actuation systems for automotive and non-automotive applications.