look news india
The stocks of Smallcap company VA Tech Wabag have gained tremendous boom. Shares of VA Tech Wabag, the leading player in the water technology segment, closed more than 10% in BSE at Rs 1342.10 on Wednesday. This increase is due to getting an important contract. Veteran investor Rekha Jhunjhunwala has also made a big bet in the company, her portfolio includes 50 million shares. In the last one year, the company’s shares have seen a jump of more than 105%.
7 years contract in Bahrain
VA Tech Vabag has received 7 years of operations and maintenance contract for an industrial Westwater Treatment Plant from Bapco Refining BSC in Bahrain. The value of this contract is $ 14 million (about Rs 121 crore). The company believes that this order will further strengthen their growing presence in the Middle East. Additionally, earlier this month, the company also received an order of Rs 145 crore from Chennai Petroleum Corporation Limited.
323% increase in last two years
Shares of VA Tech Wabag have registered a 323% increase in the last two years. On 3 February 2023, the company’s shares were at Rs 315.20, which closed at Rs 1342.10 on 29 January 2025. In the last one year, shares have increased by more than 105%. The 52 -week high of the company’s shares is Rs 1943.95 and the minimum level is Rs 647.60.
Rekha Jhunjhunwala’s share
Prominent investor Rekha Jhunjhunwala holds an 8.04% stake in VA Tech Wabag, with 50 million shares. Mutual funds have a share of 1.47% in the company. This shareholding data is until the quarter of December 2024.
