In intraday trading on Tuesday, VA Tech Wabag rose 6% to Rs 342 on the BSE after rising to 10% over the previous two trading sessions on a steady outlook. The share price of the water supply and management firm was getting closer to the Rs 350.40 52-week high it reached on December 3, 2021.
With an outstanding order book of around Rs 9,200 crore (FYE22: Rs 9,800 crore) as of September 30, 2022, the company has great revenue visibility. This amount is roughly 3 times its annual revenue for FY22. Additionally, the business has a Rs 1,100 crore framework contract.
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