CapitalMarket.com - Wendt (India) jumps on encouraging Q2 numbers
Hot Pursuit Monday, October 31, 2011 11:39 Hrs IST

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Wendt (India) jumps on encouraging Q2 numbers

Wendt (India) jumped 5.41% at Rs 1,670 at 11:37 IST on BSE after consolidated net profit rose 32.7% to Rs 6 crore on 31.6% rise in net sales to Rs 30.19 crore in Q2 September 2011 over Q2 September 2010.

The result was announced on Saturday, 29 October 2011.

Meanwhile, the BSE Sensex was down 75.48 points, or 0.42%, to 17,729.32.

On BSE, 897 lakh shares were traded in the counter as against an average daily volume of 423 shares in the past one quarter.

The stock hit a high of Rs 1,734.85 and a low of Rs 1,624 so far during the day. The stock had hit a record high of Rs 2,062.10 on 28 July 2011. The stock had hit a 52-week low of Rs 932.05 on 30 November 2010.

The stock had underperformed the market over the past one month until 28 October 2011, sliding 2.02% compared with the Sensex's 8.26% rise. The scrip had also underperformed the market in past one quarter, falling 17.27% as against 2.22% decline in the Sensex.

The small-cap company has an equity capital of Rs 2 crore. Face value per share is Rs 10.

Wendt India manufactures a wide range of diamond/CBN grinding wheels and tools. These products find applications in industries like automobile, cutting tools, engineering, bearing, aerospace, steel, defence, refractory, ceramic, glass and textiles, etc.

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