support@headlinenews360.com
VA TECH WABAG Share Price: Good news has come for the stock of Va Tech Wabag, a company working in the field of technology related to water purification. The company said that it has received an order worth Rs 700 crore from Lusaka Wire Supply and Sanitation Company in Zambia for waste water treatment plants. Due to this news, the stock of Va Tech Wabag opened at Rs 1648 with a jump of 4 percent. Last week, the company got a huge blow when Saudi Arabia canceled the order given to the company worth Rs 2700 crore.
Tonic worth Rs 700 crore to Va Tech Wabag!
Va Tech Wabag said in a regulatory filing with the stock exchanges that the company has received an order of 78 million euros i.e. Rs 700 crore from Lusaka Water Supply and Sanitation Company, which is being funded by the European Investment Bank and Germany’s KfW. . Under this project, VA TECH WABAG will execute the engineering, procurement and construction (EPC) of two advanced wastewater treatment plants. It has to be completed in 36 months and after that operation and maintenance will have to be looked after for 24 months. Wabag has received this project in Zambia due to its successful completion of world-class water and wastewater treatment projects.
Bad news came for the company last week
Actually, last week there was bad news for the stock of Va Tech Wabag when Saudi Arabia canceled the order worth Rs 2700 crore given to the company. After this, there was a sharp decline in the shares of Va Tech Wabag and the stock fell by about 20 percent and the stock slipped to around Rs 1522.
Va Tech Wabag gave 2500 percent return
Well, let us tell you that Va Tech Wabag is a multibagger stock which has given strong returns to its investors. The stock has given a return of 151 percent in the year 2024 itself. Whereas the stock has given returns of 380 percent in two years, 400 percent in 3 years and 840 percent in 5 years. On April 7, 2020, the share of Va Tech Wabag was trading at Rs 73, which reached Rs 1944 on December 9, 2024 after giving multibagger returns. That means after this period the share has given a return of more than 2500 percent.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
read this also
