PNB Housing Finance Ltd, Parag Milk Foods Ltd, Adani Green Energy Ltd, Shilpa Medicare Ltd are among the other stocks to see a surge in volumes on BSE today, 10 June 2020.

WABCO India Ltd saw volume of 4238 shares by 10:50 IST on BSE, a 28.21 fold spurt over two-week average daily volume of 150 shares. The stock slipped 0.27% to Rs.6,855.10. Volumes stood at 45 shares in the last session.

PNB Housing Finance Ltd clocked volume of 7.53 lakh shares by 10:52 IST on BSE, a 21.73 times surge over two-week average daily volume of 34652 shares. The stock rose 1.77% to Rs.200.70. Volumes stood at 39542 shares in the last session.

Parag Milk Foods Ltd notched up volume of 1.35 lakh shares by 10:52 IST on BSE, a 9.68 fold spurt over two-week average daily volume of 13958 shares. The stock rose 9.19% to Rs.96.25. Volumes stood at 11494 shares in the last session.

Adani Green Energy Ltd saw volume of 5.48 lakh shares by 10:52 IST on BSE, a 6.64 fold spurt over two-week average daily volume of 82512 shares. The stock rose 4.99% to Rs.328.35. Volumes stood at 1.34 lakh shares in the last session.

Shilpa Medicare Ltd saw volume of 50208 shares by 10:52 IST on BSE, a 5.04 fold spurt over two-week average daily volume of 9964 shares. The stock rose 4.41% to Rs.562.30. Volumes stood at 31911 shares in the last session.

Powered by Capital Market - Live News

ZF Friedrichshafen AG has successfully completed the acquisition of commercial vehicle technology supplier WABCO, having gained approval from all required regulatory authorities. WABCO shares, previously listed on the New York Stock Exchange, cease public trading with immediate effect.

With the addition of WABCO, ZF's focus will be on expanding its commercial vehicle service portfolio and on operating customer business.

In the future, WABCO will operate as an independent division, Commercial Vehicle Control Systems, within ZF Friedrichshafen AG and become the tenth division of the Germany-based technology company. During the integration of WABCO ZF will continue to strengthen its existing service portfolio and put its customers first.

The new Commercial Vehicle Control Systems division employs around 12,000 people at 45 locations worldwide and will work closely with ZF's existing Commercial Vehicle Technology division, ZF's aftermarket division and the global development team. Jacques Esculier, Chairman and CEO of WABCO, has decided to retire from his role. Effective today, the division will be headed by newly appointed Fredrik Staedtler. Staedtler brings significant commercial vehicle experience, gained over the past decades working in the industry, most recently as head of ZF's Commercial Vehicle Technology division

Powered by Capital Market - Live News

The result was announced was made after market hours yesterday, 22 May 2020. Shares of WABCO India rose 1.33% to close at Rs 6,900.65 on 22 May 2020.

WABCO India manufactures automotive parts. The company produces electronic braking, stability, and suspension and transmission control systems for heavy-duty commercial trucks, trailers and buses.

Powered by Capital Market - Live News

Net profit of WABCO India declined 39.54% to Rs 31.50 crore in the quarter ended March 2020 as against Rs 52.10 crore during the previous quarter ended March 2019. Sales declined 38.93% to Rs 404.85 crore in the quarter ended March 2020 as against Rs 662.90 crore during the previous quarter ended March 2019.

For the full year,net profit declined 43.72% to Rs 158.81 crore in the year ended March 2020 as against Rs 282.17 crore during the previous year ended March 2019. Sales declined 32.39% to Rs 1929.56 crore in the year ended March 2020 as against Rs 2854.14 crore during the previous year ended March 2019.

Powered by Capital Market - Live News