WABCO India Ltd up by 12.84 percent | Espresso

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Espresso shot of the day – WABCO India Ltd up by 12.84 percent

March 26, 2021
Espresso shot of the day – WABCO India Ltd up by 12.84 percent

WABCO INDIA LTD 6373.35 (+12.84%)  BSE – INE342J01019| 26TH MARCH 2021

Operating under the ZF WABCO India Limited brand and part of ZF Group Commercial Vehicle Control Systems Division, WABCO INDIA Limited is India’s market leader for advanced braking systems, conventional braking products and related air assisted technologies and systems in India. Powered by its vision for accident-free driving and greener transportation solutions, WABCO India Limited provides industry-leading solutions in the Autonomous, Connected and Electric (ACE) domains to commercial vehicle industry in India. Headquartered in Chennai, WABCO India Limited has five manufacturing facilities, an advanced technology development centre, a vehicle testing facility and a nation-wide aftermarket distribution and services network.

Recent Drivers

  • ZF International UK i.e. the principal shareholder (promoter group) of WABCO India Limited (WIL) proposes to sell up to 3.43 million shares or 18.1% stake (including green-shoe option) in WIL to comply with minimum public shareholding norms.  On 25th March 2021, the promoter's two-day stake sale through the OFS route opened for non-retail investors and on 26th March 2021 it opened for retail investors.
  • On 26th March 2021, shares of WABCO India Limited were locked in upper circuit of 20% at Rs 6,777.60 on the BSE after the promoter received a strong response for its offer-for-sale (OFS).
  • The promoter group intends to reduce its stake in WIL from 93.1 per cent to 75% post the OFS.                               
  • EBITDA of WABCO India Limited reported stands at Rs 95.56 crores in December 2020 up 25.75% from Rs 75.99 crores in December 2019.
  • WABCO India Limited reported quarterly net profit at Rs 52.43 crores in December 2020 up 35.49% from Rs 38.70 crores in December 2019.
  • WABCO India Limited reported net sales at Rs 566.50 crores in December 2020 up 28.47% from Rs 440.95 crores in December 2019.
(Sources: MoneyControl, Business Standards)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by -0.15%
  • Touched upper circuit 6777.60
  • Spurt in Volume by more than 111.36 times compared to previous vol. 3 months avg qty – 766
  • Quantity traded 14,942 Deliverable quantity 7,359 (49.25%)
  • Stock price has jumped more than 40% from one year low level – 4770.15, 14 November 2020
  • Daily RSI (14) is in oversold territory today
  • 52 -week high – 7,622.95 | 52- week low- 4,770.15

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

10042.55

8832.75

7189.75

5979.95

4336.95

3127.15

1484.15

-

Fibonacci Pivot

8832.75

7742.98

7069.72

6636.09

5979.95

5323.81

4890.18

4216.92

3127.15


Today’s Close

6373.35

SMA

BSE

10 DAY

6109.81

20 DAY

6161.08

50 DAY

5877.65

200 DAY

6061.39

Some Key Ratios (Source: BSE)

Market Cap: 12,088.71 crores

PE: 137.89

OPM%: 16.83

ROE%: 4.63

Promoters holding : 93.11

Prev. Close: 5648

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.