2 weeks ago
VA Tech Wabag jumps 5% after Axis hikes target price
VA Tech Wabag is a company that builds machines and plants to clean water.
This week it shared news that its business is doing very well.
The company earned more money than it did at the same time last year.
It also won many new projects, both in India and in other countries.
Because of this good news, people wanted to buy its shares, so the share price went up by more than five percent in one day.
Even though the overall stock market went down a little, this company's shares still rose.
A big financial company called Axis Securities thinks the shares will be worth even more soon, so it increased its target price.
A very famous investor named Rekha Jhunjhunwala also owns a part of this company.
Overall, the company has lots of work lined up for the future, which makes it look strong.
VA Tech Wabag shares jumped over 5% to an intraday high of ₹1,984 on the BSE on Friday, 14 August, despite the Sensex declining 0.50%.
The company reported Q1FY27 revenue from operations of ₹886.8 crore (up 21% YoY) and profit after tax of ₹90.1 crore (up 37% YoY).
VA Tech Wabag recorded an all-time high order book of ₹19,400 crore, over four times its annual revenue, with order intake of ₹3,400 crore in the quarter.
Axis Securities maintained its buy call and raised its target price on the stock to ₹2,105 from ₹1,930, citing strong 3-5-year revenue visibility.
Rekha Jhunjhunwala holds an 8.02% stake in VA Tech Wabag, and the stock has delivered multibagger returns of 278% and 443% over three and five years respectively.
- Who
- VA Tech Wabag, led by Chairman and Managing Director Rajiv Mittal; investor Rekha Jhunjhunwala; brokerage Axis Securities.
- What
- VA Tech Wabag's stock jumped over 5% after strong Q1 results and after Axis Securities raised its target price to ₹2,105.
- Where
- On the BSE in India; new orders were won in Kuwait, the UAE (Ajman), India, and Austria.
- When
- Friday, 14 August; Q1 results were announced after market hours on 12 August.
- Why
- The company posted an all-time high order book of ₹19,400 crore and strong profit growth, boosting investor confidence.
Key facts
- Intraday high
- ₹1,984 (up 5.2%)
- Previous close
- ₹1,885.75
- Q1FY27 revenue
- ₹886.8 crore (up 21% YoY)
- Q1FY27 profit after tax
- ₹90.1 crore (up 37% YoY)
- Order book
- ₹19,400 crore (all-time high)
- Axis Securities target price
- ₹2,105 (raised from ₹1,930)
- Rekha Jhunjhunwala stake
- 8.02% (5,000,000 shares)
- 52-week range
- ₹1,033.95 to ₹2,252.40
Quotes
Axis Securities representative
Representative from brokerage firm Axis Securities
“We are delighted to start the year with strong international and domestic orders, robust top‑line momentum, and strong profitability. All clusters delivered on order intake, which resulted in our order book surging to approximately ₹19,400 crore, even as we persisted with our selective approach to bidding for projects.”
livemint.com
“With healthy execution momentum, strong order visibility, disciplined capital allocation, and technology‑driven differentiation, the company appears well‑positioned to capitalise on the ongoing global water infrastructure investment cycle.”
livemint.com











