WABCO

Flash News Investment - - RECOMMENDATIONS -

{ Ticker: 533023

{ FV: ₹5

{ 52-Week H/L: ₹7237/4760

Wabco was rec­om­mended on Oc­to­ber 26 , 2017, on the ba­sis of ex­pected trac­tion in con­trol sys­tem sales pro­pelled by im­prove­ment in com­mer­cial ve­hi­cle sales.

The com­pany re­ported strong set of num­bers for Q2FY18 with sales in­creas­ing by 21.5 per cent YoY to Rs 578 crore and due to lower growth in ex­pense by 16 per cent YoY, the EBITDA in­creased by a whop­ping 47 per cent YoY. This led to in­crease in profit af­ter tax by 61 per cent to Rs 77 crore. We ex­pect the com­pany to see trac­tion in its prod­uct of­fer­ing and bet­ter prod­uct mix lead­ing to higher mar­gins go­ing for­ward. In­vestors can book par­tial profit and con­tinue to HOLD the rest.

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