Va Tech Wabag surges 16% on strong order book of over Rs 10,000 crore

The company said international and industrial orders are expected to keep the momentum intact, going forward.

Shares of Va Tech Wabag surged 16 per cent to Rs 342 on the National Stock Exchange (NSE) in Wednesday’s intra-day trade on back of heavy volumes on strong order book position of over Rs 10,000 crore.

At 09:46 am; the stock traded 9 per cent higher at Rs 321.20, as compared to 0.13 per cent gain on the Nifty 50 index. The trading volume at the counter jumped over three-fold with a combined 1.02 million equity shares changing hands in first half-hour of trades on the NSE and BSE.

However, despite of the sharp run-up today, the