VA Tech Wabag rallies 7%, hits 3-month high on strong growth outlook

The company has won a design, build and operate (DBO) order in Bangladesh worth Rs 800 crore, fully funded by World Bank & AIIB

Shares of VA Tech Wabag hit a three-month high of Rs 358, as they rallied 7 per cent on the BSE in Thursday's intra-day trade, in an otherwise subdued market. The stock was trading at its highest level since December 19, 2022. In comparison, the S&P BSE Sensex was down 0.10 per cent at 58,148 at 10:53 AM.

In the past one week, the stock has outperformed the market by surging 12 per cent after the company won a design, build, and operate (DBO) order in Bangladesh worth Rs 800 crore, fully funded by World Bank and AIIB. The