If you are looking for solid stocks to invest in, then you can keep an eye on VA Tech Wabag. This company works in the water and waste water treatment space.
Rakesh Jhunjhunwala Portfolio Stock: If you are looking for solid stocks to invest in during the ups and downs of the market, then you can keep an eye on VA Tech Wabag. Given the strong fundamentals of the company working in the water and waste water treatment space, brokerage house Yes Securities has given an investment advice in this stock and expects an upside of 29 per cent. According to the brokerage, the company has a strong track record of project completion. The company can prove to be a winner due to the government’s many ongoing schemes in the water space. This stock is also included in the portfolio of market expert Rakesh Jhunjhunwala. As of the December quarter, he holds 8 per cent stake in the company and has 5 million shares in the portfolio.
Revenue will be better going forward
Brokerage house Yes Securities has given buy advice in the share of VA Tech Wabag and has set a target of Rs 391. In terms of current price of Rs 304, 29% return is possible in this. According to the report, the order book of the company was 10000 crores till December 2021. A better track record of project completion will make it easier to acquire new projects. Due to this the revenue of the company will be better in the coming days. The company has a long experience in the water industry, while the experienced management is also the strength of the company.
track record solid
According to a report by brokerage house Yes Securities, VA Tech Wabag has a solid track record of completing large projects. According to the brokerage, the company has a strong stake in the water sewage and waste management segment, which is expected to increase its market share going forward. The company has the ability to provide customized solutions to the customers according to them. Strong order book, experienced management, solid order acquisition ratio, excellent research and development team along with the government’s increasing focus on this sector is expected to lead to a good rally in the stock.
VA Tech Wabag (VATW) is a leading multinational company in the water and waste water treatment space. The company’s focus is on providing EPC and O&M solutions globally. The company has a lot of opportunities to participate in the flagship schemes of the government related to water treatment. The government is running projects like Jal Jeevan, Amrit and Namami Gange, which are benefitting the company. The company also has several projects in the pipeline.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of digitnews.in. Markets are risky, so take expert opinion before investing.)