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Va Tech Wabag rallies 20% as Co's board to consider fundraising next week

For the quarter ended March 2020, net profit of the company came in at Rs 30.47 crore, down 25.2 per cent against Rs 40.77 crore in the year-ago period.

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The company's revenue from operations for the March 2020 quarter stood at Rs 785.06 crore, up 15.5 per cent.

2 min read Last Updated : Aug 21 2020 | 1:51 PM IST

Shares of Va Tech Wabag, the multinational player in the water treatment industry, advanced 20 per cent to Rs 219.95 apiece on the BSE on Friday after the company informed on Thursday that the company will hold a board meeting on August 25, 2020, to consider and approve raising of funds.

At 11:27 AM, the stock was ruling over 9 per cent higher at Rs 200 on the BSE. It hit a high of Rs 203.45 during the day against Thursday's close of Rs 183.30. In comparison, the benchmark S&P BSE Sensex was trading nearly 300 points

Topics : VA Tech Wabag Buzzing stocks stock markets

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