The counter of Wendt clocked 1,149 shares changed hands on BSE.

The scrip of Wendt had been through a roller-coaster ride in April. The scrip was at a low of Rs 633.70 on 3 April, and within a week reached Rs 720. Thereafter, in a few days Wendt slid to Rs 643 by 25 April 2007.

Wendt’s net profit rose to Rs 2.37 crore in the March 2007 (Rs 1.94 crore in March 2006) quarter. Sales rose to Rs 13.92 crore in the March 2007 quarter (Rs 12.23 crore in March 2006).

Wendt (India) manufactures abrasives, refractories and premium grinding wheels from diamonds and cubic boron nitrite. It is a Murugappa Group company with financial and technical collaboration with Wendt, Germany (39.87% equity stake). Carborandum Universal holds 39.87% stake in the company.

Wendt's grinding machines for the granite tile industry have been well-accepted in the market.