2 weeks ago

VA Tech Wabag jumps 5% after Axis hikes target price

VA Tech Wabag jumps 5% after Axis hikes target price
Rekha Jhunjhunwala portfolio stock VA Tech Wabag jumps 5%; Axis Securities raises target price after Q1 results · livemint.com

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.

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

Sources

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