New order boosts VA Tech Wabag

VA Tech Wabag rose 1.93% to Rs 1,545.10 at 10:54 IST on BSE after the company said it has won a sewage treatment order worth about Rs 175 crore in Valenzuela, Philippines.

The announcement was made during market hours today, 26 December 2014.

Meanwhile, the S&P BSE Sensex was down 10.89 points or 0.04% at 27,197.72.

On BSE, so far 3,878 shares were traded in the counter as against average daily volume of 6,722 shares in the past one quarter.

The stock hit a high of Rs 1,590.30 and a low of Rs 1,536.65 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 504 on 29 January 2014.

The stock had underperformed the market over the past one month till 24 December 2014, declining 6.91% compared with Sensex's 4.53% fall. The scrip had also underperformed the market in past one quarter, sliding 8.78% as against Sensex's 1.73% rise.

The mid-cap company has equity capital of Rs 5.42 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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