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Axis Securities Report
We are initiating coverage on Va Tech Wabag Ltd. with a Buy recommendation and a target price of Rs 1,700/share, implying an upside of 30% from the current market price.
Our recommendation is supported by-
Strong industry tailwinds,
Improving profitability,
Robust Order book, and
Expanding offerings.
The stock currently trades at 18 times FY26E earnings per share.
Click on the attachment to read the full report:
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