VA Tech Wabag trades higher on the bourses

23 Jan 2014 Evaluate

VA Tech Wabag is currently trading at Rs. 528.90, up by 6.55 points or 1.25% from its previous closing of Rs. 522.35 on the BSE.

The scrip opened at Rs. 522.25 and has touched a high and low of Rs. 530.95 and Rs. 522.25 respectively. So far 302 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 585.00 on 23-Jan-2013 and a 52 week low of Rs. 380.65 on 30-Jul-2013.

Last one week high and low of the scrip stood at Rs. 539.65 and Rs. 505.25 respectively. The current market cap of the company is Rs. 1407.93 crore.

The promoters holding in the company stood at 30.31% while Institutions and Non-Institutions held 50.88% and 18.81% respectively.

VA Tech Wabag, a leading Indian MNC in water and waste water management, has reported an order intake of more than Rs 1,000 crore for the third successive quarter during the year. During the beginning of the year, the company had guided the markets with an order intake of Rs 2,600 crore to Rs 2,700 crore, which has been surpassed in the first 9 months of the year. With a quarter to follow and a robust order pipeline, the management is expected to make an upward revision in order intake.

Some of the major orders bagged during the period are - An EXIM Bank of India funded order worth $40 million in Tanzania; A JICA funded order worth Rs 250 crore from BWSSB; Order worth Euro 17 million from Turkey; Libya order worth Euro 14 million and Orders from Reliance worth Rs 150 crore.

Apart from the above major orders, the company has also won various other Operations and Maintenance contracts during the third quarter, which contributed in the company’s success of more than Rs 3,000 crore of order intake till date.

VA Tech Wabag is a multinational player in the water treatment industry. It offers complete life cycle solutions including conceptualization, design, engineering, procurement, supply, installation, construction and O&M services.

VA Tech Wabag Share Price

1003.25 21.90 (2.23%)
21-May-2024 13:06 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 1003.25
Race Eco Chain 349.20
Antony Waste Hand 475.95
RESGEN 80.41
Eco Recycling 496.80
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