VA Tech in the limelight

Va Tech Wabag had hit a new 52-week low on 13^th June at Rs.423 but five days on, it is today at Rs.450, up over 2% on previous days close of Rs.440. Market cap stands at Rs.1194 crore.

The stock is on the buzz currently after it announced today morning of having received a Rs.262 crore order from Nepal. And 8 days ago, on 10^th June the company had announced of receiving Rs.115 crore from Chennai Metropolitan water Supply and Sewage Board.  The company, a name to reckon with in the water and waste management sector, has been reporting good order intakes and that is currently working in favor of the company.