The contract will be an Engineering & Procurement scope contract which includes design & engineering, equipment supply, installation, commissioning, and start-up of the Purolite Victoria WWTP. The project is scheduled to be executed over 24 months, the company said in a BSE filing.
At 10.24 am, the scrip was trading 9% higher at Rs 364.3 over its previous day’s closing price of Rs 334.25 apiece. The stock has risen about 25% in the last month, while it has surged 56% in the last six months.
WABAG is a global leader in the water industry, backed by rich experience spanning over 98 years. Being a pure-play water technology multinational, WABAG offers a complete range of technologies and services for Total Water Solutions in both Municipal and Industrial sectors.
As per Trendlyne data, the highest target price for the stock goes up to Rs 480, while the average target price estimate is Rs 389, which shows an upside potential of 16.3% from the current market prices.
Out of the three analysts covering the stock, two have strong buy ratings, while one has a buy rating.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times)
