Va Tech Wabag gained 4.29% to Rs 590 at 11:05 IST on BSE after consolidated net profit rose 36.7% to Rs 18.90 crore on 1.7% rise in net sales to Rs 628.87 crore in Q3 December 2015 over Q3 December 2014.
The result was announced on Saturday, 6 February 2016.Meanwhile, the BSE Sensex was up 62.03 points, or 0.25%, to 24,679
On BSE, so far 5,959 shares were traded in the counter, compared with an average volume of 9,503 shares in the past one quarter. The stock hit a high of Rs 598.70 and a low of Rs 570 so far during the day. The stock hit a record high of Rs 970 on 17 March 2015. The stock hit a 52-week low of Rs 551.40 on 4 February 2016. The stock had underperformed the market over the past one month till 5 February 2016, sliding 16.72% compared with 3.77% decline in the Sensex. The scrip also underperformed the market in past one quarter, falling 11.38% as against Sensex's 6.41% fall.
The mid-cap company has an equity capital of Rs 10.90 crore. Face value per share is Rs 2.
VA Tech Wabag's order book stood at Rs 7950 crore, including framework contracts of Rs 1500 crore, the company said in a statement.
VA Tech Wabag is a leading multinational company specialized in water and waste water management.
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