Va Tech Wabag stock soars as Axis Sec initiates coverage with 'Buy' rating

Quick Summary:

Va Tech Wabag (VTW) stock price surged up to 2.3 per cent intraday high of Rs 1344.

With medium-term margins projected at 13-15 per cent, the company is poised for sustainable revenue growth and reduced default risks.

This is valued at 23 times its FY26 earning per share, reflecting an upside of 29.4 per cent from Friday’s closing price.

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Category: BusinessFinance

Markets: India

Topics: VA Tech Wabag share price Axis securities Stock market VA Tech Wabag share price today VA Tech Wabag share price Buzzing stocks VA Tech Wabag Sensex VA Tech Wabag shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 13:23:05 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 614 words

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Sentences: 26 lines

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Copyright Owner: © Business Standard

News ID: 22420727

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