Shares of this water supply and management company jump over 4 per cent in the morning trade; here's why

Shares of the company have gained more than 23 per cent in just six months.

On March 17, 2023, VA Tech Wabag Limited informed in the exchange filing that an order worth Rs 800 crore towards design, build and operate (DBO) for the reconstruction, expansion and operation of Pagla Sewage Treatment Plant (STP) with a capacity of 200 million litres per day at Pagla in the city of Dhaka, Bangladesh for Dhaka Water Supply & Sewerage Authority (Dhaka WASA).

The project is funded by multi-lateral funding agencies like World Bank and Asian Infrastructure Investment Bank (AIIB) under Dhaka Sanitation Improvement Project (DSIP).

Va Tech Wabag Ltd is engaged in the business of water treatment field. Its principal activities include the design, supply, installation, construction and operational management of drinking water, wastewater treatment, industrial water treatment and desalination plants.

Today, the stock opened at Rs 327.85, with a high and low of Rs 335 and Rs 327.85. The stock previously closed at Rs 319.75. The stock is currently trading at Rs 331, up by 3.52 per cent. 

In the last six months, the shares of the company have given about 10 per cent returns and in the last 1 year, the stock has given about 11 per cent returns.

The stock has a 52-week high of Rs 374.90 and a 52-week low of Rs 220. The company has a ROCE of 13.3 per cent and an ROE of 8.56 per cent with a market capitalisation of Rs 2,065 crore.