VA Tech fell 13.65% to Rs 200.55, extending recent steep losses.
Shares of VA Tech Wabag have slumped 28.52% in eleven trading session to its current market price of Rs 200.55, from a recent closing high of Rs 280.60 on 26 September 2019.
Meanwhile, the S&P BSE Sensex was up 250 points or 0.65% to 38464.14.
On the BSE, 92,654 shares were traded in the counter so far compared with average daily volumes of 6,952 shares in the past two weeks. The stock hit a high of Rs 233.6 and a low of Rs 189 so far during the day.
The stock hit a 52-week high of Rs 360.6 on 20 Mar 2019. The stock hit a 52-week low of Rs 233.6 on 15 Oct 2019.
On a consolidated basis, the company's net profit slumped 79.8% to Rs 2.62 crore on a 33.6% decline in net sales to Rs 456.53 crore in Q1 June 2019 over Q1 June 2018.
VA Tech Wabag operates in the field of total water management. With presence in four continents, Wabag is a pure-play water technology multinational offering a wide range of solutions focused on conservation, optimization, recycling and reuse of resources, directed at addressing water challenges across the world.
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