Va Tech Wabag Ltd.'s share price jumped over 13% on Monday after the company posted its consolidated net profit for October–December 2024. Its consolidated net profit rose 11.6% on the year to Rs 70 crore from Rs 63 crore.
Va Tech Wabag's revenue rose 15.1% on the year to Rs 811 crore from Rs 704 crore. Operating profit rose 1.5% on the year to Rs 100 crore from Rs 99 crore.
Meanwhile, the water supply and management business margin fell 164 basis points on the year to 12.4%, compared to 14.04% in the corresponding period of the previous year.
VA Tech Wabag Share Price
Va Tech Wabag share price jumped 13.42% to Rs 1,550.00, the highest price since Jan 17. It was trading 4.05% higher at Rs 1,422.50 as of 10:18 a.m., as compared to 0.80% decline in the NSE Nifty 50.
The stock snapped a two-day losing streak on Monday. It surged 113.31% in 12 months. Total traded volume so far in the day stood at 13 times its 30-day average. Relative strength index was at 48.83.
Out of four analysts tracking the company, three maintain a 'buy' rating and one recommends a 'hold', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 41.9%.
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