VA Tech Wabag rises to all-time high; brokers turn bullish

Image
Reuters
Last Updated : Sep 30 2014 | 10:55 AM IST

Reuters Market Eye - VA Tech Wabag Ltd , engaged in waste water treatment, rises as much as 2.7 percent.

Marks an all-time high of 1,748 rupees.

Credit Suisse starts with "outperform" and a target of 2,025 rupees.

Says the underlying industry can witness a secular growth of 15 percent for many years.

VA Tech Wabag rose 6.5 percent on Monday after Standard Chartered started with an "outperform" rating.

(Reporting by Abhishek Vishnoi)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 30 2014 | 10:44 AM IST

Next Story