The huge auction comes close on the heels of Wabco India’s offer for sale (OFS) issue, in which the promoters sold around 24 lakh shares. The issue was open for bidding on March 25 and March 26 with a floor price of Rs 5,450, an 11 percent discount to the last traded price.
ICICI Direct is bullish on Wabco India has recommended buy rating on the stock with a target price of Rs 7350 in its research report dated March 25, 2021.
Promoter ZF International UK will offload its 18.10 percent stake through an offer of sale, Wabco India has said.
ICICI Direct is bullish on Wabco India has recommended buy rating on the stock with a target price of Rs 7350 in its research report dated February 14, 2021.
ICICI Direct recommended hold rating on Wabco India with a target price of Rs 5220 in its research report dated November 02, 2020.
ICICI Direct is bearish on Wabco India has recommended sell rating on the stock with a target price of Rs 5500 in its research report dated May 25, 2020.
The company had posted net profit (after tax) of Rs 59.7 crore in the year-ago period, Wabco India said in a filing to BSE.
ICICI Direct recommended Hold rating on Wabco India with a target price of Rs 6510 in its research report dated August 16, 2019.
ICICI Direct recommended hold rating on Wabco India with a target price of Rs 6510 in its research report dated May 27, 2019.
Net Sales are expected to decrease by 4.1 percent Y-o-Y (up 7.5 percent Q-o-Q) to Rs. 752.4 crore, according to Prabhudas Lilladher.
At 1045 hrs, Wabco India was quoting Rs 6852, up 7.69 percent on the BSE
ICICI Direct recommended hold rating on Wabco India with a target price of Rs 6800 in its research report dated January 30, 2019.