New order boosts VA Tech Wabag

VA Tech Wabag rose 1.93% to Rs 1,630 at 14:52 IST on BSE after the firm said it has secured a world bank funded order worth about Rs 100 crore from Maynilad Water Services, Philippines for construction of 20 MLD sewage treatment plant at Tunasan.

The announcement was made before market hours today, 24 November 2014.

Meanwhile, the S&P BSE Sensex was up 189.71 point or 0.67% at 28,524.34.

On BSE, so far 5,203 shares were traded in the counter as against average daily volume of 8,340 shares in the past one quarter.

The stock hit a high of Rs 1,649.30 and a low of Rs 1,610 so far during the day. The stock had hit a record high of Rs 1,748 on 30 September 2014. The stock had hit a 52-week low of Rs 480 on 27 November 2013.

The stock had underperformed the market over the past one month till 21 November 2014, sliding 0.13% compared with the Sensex's 6.62% rise. The scrip had, however, outperformed the market in past one quarter, jumping 14.8% as against Sensex's 7.49% rise.

The mid-cap company has equity capital of Rs 5.39 crore. Face value per share is Rs 2.

VA Tech Wabag's consolidated net profit declined 10.4% to Rs 15.61 crore on 9% growth in net sales to Rs 506.13 crore in Q2 September 2014 over Q2 September 2013.

VA Tech Wabag is a leading multinational company specialized in water and waste water management.

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