Tuesday, 8 March 2016

Daily Stock Trading Strategy by MarketMagnify

VA Tech Wabag jumps 5.4% after order win 

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai.
VA Tech Wabag jumped 5.4% to Rs.464.60 on BSE.  The company has bagged order worth Rs.594 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai, India for Construction and Operation & Maintenance {O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu,Chennai.

The scrip opened at Rs. 455.7 and has touched a high and low of Rs. 468 and Rs. 454 respectively. So far 164845(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2400.84 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970 on 17-Mar-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 484.6 and Rs. 409.3 respectively.

The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.

The stock is currently trading above its 200 DMA.

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