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Wabco India surges 11 per cent

Amir Shaikh 0 3846 Article rating: 2.5

Wabco India’s parent company, Wabco Holdings Inc., a US-based company listed on the NYSE, has plans to merger with ZF Friedrichshafen AG, a privately-held global leader in driveline and chassis technologies. Reacting to this development, the stock of Wabco India soar more than 10 per cent, on Friday.

Index trend and stocks in action March 29, 2019

Vinayak Gangule 0 1734 Article rating: 5.0

Now the challenge is whether the Nifty will close above the parallel high of 11,572. If yes, the rally will continue with small dips. But only in the instance of a close below the March 25 low of 11,311 that the market will give bearish signals. As long as it closes above this level, every dip is a buying opportunity. Stock in news: Tata Steel, HDFC, Adani Ports, Union Bank of India, TCPL Packaging, Wipro, Bharat Financial Inclusion, EIH, Lupin, Wabco India, Tata Power.

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