Buzzing Stock: Wabco India touches 52-week high; zooms 11 per cent

During Monday’s trading session, the domestic markets have been fluctuating between gains and losses. Even as Sensex and Nifty remained volatile, the stock of Wabco India touched its 52-week high.

Wabco India emerged as one of the top BSE Small-Cap index gainers on Monday. The stock jumped more than 11 per cent and made a fresh 52-week high of Rs 7,622.95 on BSE. Gaining for the second consecutive trading session, the stock of Wabco has recovered by 35.72 per cent from its sharp decline in March 2020. On a YTD basis, the stock has gained by 13.27 per cent. Considering its gaining streak, the stock has surged by almost 10 per cent in the previous two trading sessions while it rose by around 8.25 per cent since the beginning of September 2020.

The consolidated net revenue of Wabco India for Q1FY21 stood at Rs 165.96 crore, declining by 73.98 per cent YoY. The company incurred a consolidated net loss in Q1FY21 of Rs 31.36 crore as against a net profit of Rs 54.76 crore reported in Q1FY20.