VA Tech Wabag jumps after bagging new order

The company made the announcement before trading hours today, 18 June 2013.

Meanwhile, the S&P BSE Sensex was down 42.99 points, or 0.22%, to 19,282.88.

On BSE, 6,047 shares were traded in the counter as against an average daily volume of 7,063 shares in the past one quarter.

The stock hit a high of Rs 468.85 and a low of Rs 446.50 so far during the day. The stock had hit a 52-week high of Rs 589 on 11 January 2013. The stock had hit a 52-week low of Rs 423.05 on 13 June 2013.

The stock had underperformed the market over the past one month till 17 June 2013, falling 6.66% compared with the Sensex's 4.73% fall. The scrip had also underperformed the market in past one quarter, falling 15.32% as against Sensex's 0.52% fall.

The small-cap company has an equity capital of Rs 5.31 crore. Face value per share is Rs 2.

VA Tech Wabag said the project involves construction of 85 million liter per day (MLD) water treatment plant at Sundarijal, Nepal, with options to expand up to 510 MLD at a later stage.

On a consolidated basis, VA Tech Wabag's net profit rose marginally by 0.02% to Rs 60.37 crore on 1.7% growth in total income to Rs 685.53 crore in Q4 March 2013 over Q4 March 2012.

The WABAG Group acts as a systems specialist and full service provider with a focus on the planning, installation and operation of drinking and waste water plants for local government and industry in the growth markets of Asia, North Africa, Middle East, the Central and Eastern Europe states. The Group represents a leading multinational player with a workforce of over 1,500 and has companies and offices in more than 20 countries.

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