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Wendt (India) advances after good Q4 earnings

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Wendt (India) was up 2.76% to Rs 2,335 at 11:53 IST on BSE after consolidated net profit rose 26.82% to Rs 2.60 crore on 9.75% growth in total income from operations to Rs 40.73 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 24 April 2017.

Meanwhile, the S&P BSE Sensex was up 190.47 points or 0.64% at 29,846.71.

On the BSE, 526 shares were traded on the counter so far as against the average daily volumes of 481 shares in the past two weeks. The stock had hit a high of Rs 2,360 and a low of Rs 2,300 so far during the day. The stock had hit a 52-week high of Rs 2,445 on 21 April 2017 and a 52-week low of Rs 1,666 on 26 December 2016.

 

Wendt (India)'s board recommended a dividend of Rs 15 per share for the year ended March 2017.

Wendt (India) is a manufacturer of super abrasives, grinding, honing and special purpose machines and components.

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First Published: Apr 25 2017 | 11:55 AM IST

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