Va Tech Wabag Ltd (WABAG)

Va Tech Wabag Shares Surge on Positive Business Outlook - 22 Apr, 2024

Shares of Va Tech Wabag surged nearly 12% to hit a new high of Rs 1,017 on the BSE due to an improving business outlook. The company has maintained a high-quality order book of around Rs 12,000 crore with a healthy mix of EPC and O&M projects. Analysts see it as a direct play on the emerging water crisis. The stock is trading above Sharekhan's target price of Rs 850 per share.

VA Tech Wabag Shares Surge on Positive Growth Predictions - 18 Apr, 2024

VA Tech Wabag's recent momentum has seen its shares surge by 31% in the last month and 145% in the last year. Despite declining revenue, analysts predict a 15% growth for the company next year, which is higher than the industry average of 11%. The company also boasts an impressive ROCE of 17%, much better than the industry average of 6.8%.

Va Tech Wabag Ltd Shows Resilience During Midcap Correction - 16 Apr, 2024

Despite the recent midcap correction, Va Tech Wabag Ltd has shown resilience with a bullish primary trend on the weekly chart and momentum indicators like RSI and MFI in rising mode. The stock is trading above its 11 and 20-day EMA, indicating strength.

Va Tech Wabag Ltd's Business Transformation Successful - 15 Apr, 2024

Va Tech Wabag has successfully transformed its business on multiple fronts, including debt reduction and improving operating performance. The company's focus on profitability is protecting margins and profits, while a change in business strategy is expected to lead to better returns and balance sheet. With a strong order book and pipeline of orders, the stock is reasonably valued at 12 times fiscal 2026 estimated earnings.