Wednesday , November 13 2019
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Wabco India inches up on signing development agreement with Oy Tamware Ab

Wabco India is currently trading at Rs. 6131.00, up by 12.85 points or 0.21% from its previous closing of Rs. 6118.15 on the BSE.

The scrip opened at Rs. 6145.00 and has touched a high and low of Rs. 6154.00 and Rs. 6101.00 respectively. So far 685 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 7082.65 on 29-Mar-2019 and a 52 week low of Rs. 5798.40 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 6154.00 and Rs. 6061.00 respectively. The current market cap of the company is Rs. 11642.49 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 12.19% and 12.81% respectively.

Wabco India has signed a development agreement with Oy Tamware Ab, for the design and development of bus doors for the domestic commercial vehicle market.

This agreement positions WABCO India to exclusively produce door systems, both pneumatic and electric, designed by Tamware for the Indian market, in combination with its own door control system. For Indian customers, this will open access to a fully integrated door solution incorporating safety features for bus variants in compliance with the latest legislative requirements.

Wabco India is engaged in the manufacture of air brake actuation systems for commercial vehicles. The company is one of the leading providers of electronic braking, stability, suspension and transmission control systems to the global commercial vehicle industry.