Demand revival, higher realisations and export growth to help Wabco India

The Wabco India stock gained 11 per cent after the promoters received strong response to the offer for sale. The promoter, ZF International UK, is looking to reduce its stake from 93 per cent to 75 per cent and has priced the issue at Rs 5,450 apiece — the stock is currently trading at Rs 6,438.15 per share.  While strong investor interest has been a near-term trigger, there are multiple fundamental factors that should aid its prospects. Demand revival is one such factor for the company, which supplies safety solutions to medium and heavy commercial vehicle (M&HCV) makers. .....

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