Shares of the company gained about 40 per cent in the last six months.

As of June 2023, Rekha R Jhunjhunwala, wife of the Late Rakesh Jhunjhunwala, possesses an 8.04 per cent ownership share in the firm. Furthermore, she holds the largest portion of company shares among public shareholders.

Currently, the company's shares are trading at a PE ratio of 9.20x, while the industry's PE multiple stands at 27.50x. Impressively, the stock has delivered multibagger returns of 360 per cent in just three years, surpassing the BSE Sensex Index, which has risen by only 100 per cent.

On Friday, the Sensex gained by 1031.43 points to close at 58,991.52, while the Nifty 50 surged by 279 points to close at 17,359.75

On March 31, 2023, the company announced that it further enhanced its leadership position in the global desalination market, by securing a Design, Build, Operate (DBO) order for the 400 million litres per day

On Friday, the Sensex rose by 355 points to close at 57,989.90, while the Nifty 50 gained by marginal 114 points to close at 17,100.05

The top gainers were Divi's Laboratories, Coal India, IndusInd Bank, HDFC Bank and ONGC while the top losers were Asian Paints, Infosys, Eicher Motors, Cipla and Sun Pharmaceuticals.  

It also reached a new 52-week high of Rs 375 apiece, after securing an order worth Rs 260 crore.

BSE Smallcap index climbed 0.59 per cent to end at 24,954.54.

At 2 pm, the scrip surged 3.94 per cent to Rs 238.60 on NSE whereas it witnessed heavy selling on plunging over 23 per cent in the last six months.

We are confident of achieving profitable growth in FY23, going forward, asserts Rajneesh Chopra, Global Head-Business Development, VA Tech Wabag Ltd. 

The shares of VA Tech Wabag soared 9 per cent on BSE after the company secured an order to design, build & operate (DBO) for 50 MLD (expandableto 100 MLD) Mamelles Sea Water Desalination Project from Société Nationale Des Eaux du Sénégal (SONES), the National Water Company of Senegal, worth about 146 million Euros. This project will help the company to enhance its global position in the desalination market.   

BSE Smallcap index significantly underperformed broader markets by recording losses of 1.16 per cent to close at 26,384.14.

BSE Smallcap index outperformed broader markets to end the session at 26,534.53, up by 0.62 per cent.

VA TECH WABAG (‘WABAG’), a leading pure-play water technology Indian Multinational Group, secured an Engineering and Procurement (‘EP’) order worth about 18 Million Euros (about Rs 149 Crore) from DL E&C CO., LTD., Korea, towards a Water treatment package for the EuroChem Methanol Production facility in Kingisepp, Russia.

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