 "Wastewater treatment plant; Photo courtesy: VA Tech Wabag")
Shares of VA Tech Wabag were up 5 per cent at Rs 342 on the BSE in Tuesday’s intra-day trade, surging up to 10 per cent in past two trading sessions on stable outlook. The stock of water supply & management company traded closer to its 52-week high of Rs 350.40, touched on December 3, 2021.
On November 24, the rating agency India Ratings and Research (Ind-Ra) affirmed VA Tech Wabag’s long-term issuer rating at ‘IND A+’ with a stable outlook and upgraded the short-term debt rating to ‘IND A1+’ from ‘IND A1.
The short-term rating upgrade reflects
On November 24, the rating agency India Ratings and Research (Ind-Ra) affirmed VA Tech Wabag’s long-term issuer rating at ‘IND A+’ with a stable outlook and upgraded the short-term debt rating to ‘IND A1+’ from ‘IND A1.
The short-term rating upgrade reflects
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