Buy Va Tech Wabag, target price Rs 1700: Axis Securities

economictimes.indiatimes.com:

Va Tech Wabag with a target price of Rs 1700. The current market price of Va Tech Wabag Ltd. is Rs 1374.05.

Va Tech Wabag Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 8510.45 Crore) operating in Engineering sector.

Va Tech Wabag Ltd. key Products/Revenue Segments include Contract Service and Other Operating Revenue for the year ending 31-Mar-2024.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 637.30 Crore, down -32.37 % from last quarter Total Income of Rs 942.40 Crore and up 10.16 % from last year same quarter Total Income of Rs 578.50 Crore. Company reported net profit after tax of Rs 57.00 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 19.13 per cent stake in the company as of 30-Jun-2024, while FIIs owned 11.52 per cent, DIIs 4.26 per cent.