VA Tech Wabag rose 3.44% to Rs 483.90 at 9:45 IST on BSE after consolidated net profit jumped 69.65% to Rs 24.04 crore on 31.05% rise in total income to Rs 777.60 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 8 November 2016.Meanwhile, the S&P BSE Sensex was down 714.74 points or 2.59% at 26,876.40.
On BSE, so far 9,795 shares were traded in the counter as against average daily volume of 9,077 shares in the past one quarter. The stock hit a high of Rs 487 and a low of Rs 450 so far during the day. The stock had hit a 52-week high of Rs 766.55 on 17 November 2015. The stock had hit a 52-week low of Rs 409.30 on 1 March 2016. The stock underperformed the market over the past one month till 8 November 2016, dropping 15.68% compared with the Sensex's 1.67% fall. The scrip also underperformed the market in past one quarter, declining 15.68% as against the Sensex's 2.1% decline.
The mid-cap company has equity capital of Rs 10.90 crore. Face value per share is Rs 2.
Commenting on the results, Rajiv Mittal Managing Director of the company said that the good order book that company built over the last year translated into good topline and bottom line growth in Q2 September 2016.
VA Tech Wabag is a leading multinational company specialized in water and waste water management.
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