ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Markets News

This Rekha Jhunjhunwala-owned mutlibagger stock hits new 52-week high on securing Rs 260 cr order – Brokerage recommends this

Rekha Jhunjhunwala, Rakesh Jhunjhunwala, Multibagger Stock: “Secured a repeat order from Purolite S.R.L, Romania worth about Rs 260 crore (EUR 30 million) towards upgrading the Industrial Wastewater Treatment Plant (WWTP) in Romania,” Va Tech Wabag said in an exchange filing.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
This Rekha Jhunjhunwala-owned mutlibagger stock hits new 52-week high on securing Rs 260 cr order – Brokerage recommends this
Rekha Jhunjhunwala, Rakesh Jhunjhunwala, Multibagger Stock: Va Tech Wabag is a leading pure-play water technology Indian multinational group - Image: PTI

Rekha Jhunjhunwala, Rakesh Jhunjhunwala, Multibagger Stock: Ace investor Rekha Jhunjhunwala-backed water treatment and management company – Va Tech Wabag share price zoomed more than 12 per cent on Monday, December 12, to hit a new 52-week high of Rs 375.

The buying sentiment in the stock was seen after the company bagged Rs 260 crore order.

“Secured a repeat order from Purolite S.R.L, Romania worth about Rs 260 crore (EUR 30 million) towards upgrading the Industrial Wastewater Treatment Plant (WWTP) in Romania,” Va Tech Wabag said in an exchange filing.

Image Source: NSE (Today's Chart)

The company said that the contract includes design and engineering, equipment supply, installation, commissioning and start-up of the Purolite Victoria WWTP. The project is scheduled to be executed over a 24-month period.

Va Tech Wabag is a leading pure-play water technology Indian multinational group. The order was secured by the company’s European subsidiary WABAG Water Services S.R.L., Romania.

Celebrity investor Rekha Jhunjhunwala has 50,00,000 equity shares or 8 per cent stake in Va Tech Wabag, according to the September shareholding pattern of the company available on the BSE.

Rekha Jhunjhunwala publicly holds 18 stocks with a net worth of over Rs 10,718.4 crore as of December 12, 2022, as per the stock analysis website trendlyne.com. She is the wife of veteran stock market investor Rakesh Jhunjhunwala, who passed away earlier this year in August.

Shares of Va Tech Wabag have given mutlibagger returns in the last three years as the stock jumped around 115 per cent from Rs 175 per share in December 2019 to today’s 52-week high level. The counter has gained more than 25 per cent in the last one month and nearly 60 per cent in the last six months on the exchanges.

Given the growing attention of the government and multi-lateral funding agencies towards an escalating water shortage crisis, the water treatment sector is well poised for secular, long-term growth, domestic brokerage firm YES Securities said in its report on the company.

In the brokerage’s view, Va Tech Wabag’s robust order book thriving on strong market leadership, execution ramp-up, and operational efficiencies would help it capitalise on future opportunities. YES Securities maintained a BUY rating with a target of Rs 391 based on 14x PE on FY24E earnings.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Rekha JhunjhunwalaRakesh Jhunjhunwalamultibagger stockVA Tech WabagVa Tech Wabag share price
Written By: Vaibhav Gautam Bansode
Edited By: Abhinav Ranjan
Updated: Mon, Dec 12, 2022
07:51 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala tops the list of 16 new Indian billionaires Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala tops the list of 16 new Indian billionaires
Rekha Jhunjhunwala Portfolio: Analysts see strong growth outlook, up to Rs 600 upside in this scrip — Check target price Rekha Jhunjhunwala Portfolio: Analysts see strong growth outlook, up to Rs 600 upside in this scrip — Check target price
Rekha Jhunjhunwala picks additional stakes in this PSU bank and stock broking company – Check details Rekha Jhunjhunwala picks additional stakes in this PSU bank and stock broking company – Check details
Rekha Jhunjhunwala Portfolio: Ace investor takes fresh position in this multibagger stock – scrip up 150% in 2 years Rekha Jhunjhunwala Portfolio: Ace investor takes fresh position in this multibagger stock – scrip up 150% in 2 years
Rekha Jhunjhunwala adds these shares to portfolio in September quarter: What investors should know Rekha Jhunjhunwala adds these shares to portfolio in September quarter: What investors should know

LATEST NEWS

Revamped loan guarantee scheme for micro, small enterprises to be implemented from April 1

Utkala Dibasa, Odisha Day 2023: Best Wishes, Messages, Images, Significance, Know why it is celebrated

Bihar Board 10th Result 2023: Check result by roll number, roll code

Financial New Year 2023: Wishes, messages, quotes, status, images, greetings to share

Sensex jumps over 600 points, Nifty50 tests 17,250 amid broad-based gains

April Fool's Day 2023: Wishes, jokes, images to share on WhatsApp; prank ideas to try on friends and family

Foreign Trade Policy 2023: Piyush Goyal unveils new policy, aims $2 trillion exports by 2030

Sensex rallies over 1,000 points, Nifty rallies 279 pts to reclaim 17,350 amid broad-based rally

Traders' Diary: Buy, sell or hold strategy on SBI Card, Vedanta, BEL, PVR, Bosch and 15 other stocks today

Should you buy, sell or hold SBI Card, BEL, Vedanta, Infosys, TCS, Wipro and other stocks in focus today?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV