VA Tech Wabag soars 14% on hopes of water mgt announcement in Budget 2019

The trading volumes on the counter jumped more than 15-times with a combined 1.4 million shares, representing 2.5 per cent of the total equity of the company, changing hands on the NSE and BSE

Shares of VA Tech Wabag surged 14 per cent intra-day to trade at Rs 352 apiece on the BSE on Monday, boosted by heavy volumes. The buying interest was seen in the scrip on expectations that Budget 2019 may focus on the water crisis.

The trading volumes on the counter jumped more than 15-times with a combined 1.4 million shares, representing 2.5 per cent of the company's total equity, changing hands on the NSE and BSE till 01:29 pm.

VA Tech Wabag, a multinational player in the water treatment industry, is engaged in the business of water treatment field. The