VA Tech Wabag has soared almost 18% to Rs 1,450, also its new high on the NSE, on back of heavy volumes.
The stock opened at Rs 1,250 and touched a low of Rs 1,246 so far. At 1135 hours, a combined 221,715 shares already changed hands against an average sub 100,000 shares that were traded daily in past two weeks on NSE and BSE.
Meanwhile, the stock has rallied almost 50% from Rs 976 on May 23 after reporting a strong performance for the quarter ended March 31, 2014. The benchmark CNX Nifty has gained 3.7% during the period.
The company said it is well placed to achieve higher milestones going forward with total order book of Rs 5,354 crore at the end of March 2014.
In the current year has also been successful in securing international orders from newer geographies like Tanzania and Nepal where it was not present earlier, exhibiting the strength of Wabag brand, it added.
VA Tech Wabag is a leading multinational company specialized in water and waste water management.
The stock opened at Rs 1,250 and touched a low of Rs 1,246 so far. At 1135 hours, a combined 221,715 shares already changed hands against an average sub 100,000 shares that were traded daily in past two weeks on NSE and BSE.
Meanwhile, the stock has rallied almost 50% from Rs 976 on May 23 after reporting a strong performance for the quarter ended March 31, 2014. The benchmark CNX Nifty has gained 3.7% during the period.
The company said it is well placed to achieve higher milestones going forward with total order book of Rs 5,354 crore at the end of March 2014.
In the current year has also been successful in securing international orders from newer geographies like Tanzania and Nepal where it was not present earlier, exhibiting the strength of Wabag brand, it added.
VA Tech Wabag is a leading multinational company specialized in water and waste water management.
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