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.