Shares of VA Tech Wabag witnessed a spectacular rise on Friday. Shares of the company rose by more than 6% to ₹1690 on BSE. This jump has come due to orders worth ₹700 crore received in Zambia. The company's shares have risen by more than 170% in the last one year, making it a multibagger stock.
Big order in Zambia and expansion into African market
VA Tech Wabag has received an order worth 78 million euros (about ₹700 crore) from Lusaka Water Supply and Sanitation Company.
- Under this project, the company will undertake the engineering, procurement and construction (EPC) of two advanced waste water treatment plants in Zambia.
- The daily capacity of these plants will be 54 megalitres and 19 megalitres.
- The tenure of the EPC is 36 months, while the operation and maintenance contract will be for 24 months.
- The project is funded by the European Investment Bank and Germany's KfW.
With this order, VA Tech Wabag expands its presence in the African continent and makes its first entry in Zambia.
440% increase in last 2 years
Shares of VA Tech Wabag have performed strongly in the last two years:
- On December 23, 2022, the company's shares were at ₹303.85.
- The shares rose to ₹1690 on 27 December 2024.
- Shares have given returns of more than 440% during this period.
- In the last one year, shares have gained more than 170%.
- So far this year, the company's shares have risen 160%.
More than 2000% returns in 5 years
VA Tech Wabag has delivered strong returns to investors over the last five years:
- On 3 April 2020, the company's shares were at ₹75.50.
- On December 27, 2024, it increased to ₹ 1690.
- Shares have registered a rise of more than 2000% during this period.
- In four years, shares have gained more than 700%.
Stock's 52-week performance
- 52-week high: ₹1943.95.
- 52-Week Low: ₹595.90.
What is special for investors?
VA Tech Wabag focuses on water treatment and infrastructure, which are among the fastest growing market segments.
- The company's portfolio is being further strengthened with new projects in Africa and other international markets.
- This stock has given excellent returns to investors in the long run and its performance is likely to improve further.
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