VA Tech Wabag, Ion Exchange likely to see their fortunes change

The stock of VA Tech Wabag (Wabag), a pure-play water technology company, has been trading close to its 52-week low as execution challenges and delay in finalising large infrastructure projects are coming in the way of its growth.

The share price of Ion Exchange, another player in the water treatment business, too is near its 52-week low and is down almost 30 per cent in 2018.

However, their fortunes seem to be changing. VA Tech reported a 20 per cent decline in net profit for the March quarter, while revenues were down 8 per cent. 

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