The company made this announcement before trading hours today, 10 February 2010.

Meanwhile, the BSE Sensex was down 72.91 points, or 0.45% to 15,969.27.

On BSE, 6,612 shares were traded in the counter as against an average daily volume of 3,085 shares in the past one quarter.

The stock hit a high of Rs 715 and a low of Rs 663 so far during the day. The stock had hit a lifetime high of Rs 730 on 20 January 2010 and a lifetime low of Rs 100 on 17 March 2009.

The mid-cap stock had outperformed the market over the past one month till 9 February 2010, rising 17.69% as compared to the Sensex's 8.54% fall. It had also outperformed the market in the past one quarter, gaining 50.68% as compared to the Sensex's decline of 2.77%.

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

The current price of Rs 706 discounts the company's Q3 December 2009 annualized EPS of Rs 51.14, by a PE multiple of 13.81.

Mahindra Navistar Automobiles (MNAL) manufactures a world-class range of trucks and tractor-trailers. MNAL is a joint venture between Indian automaker Mahindra & Mahindra and US truck and engine maker Navistar Inc.

WABCO TVS India's net profit spurted 1708.96% to Rs 24.24 crore on 133.59% surge in net sales to Rs 164.12 crore in Q3 December 2009 over Q3 December 2008.

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.