Va Tech Wabag shares: Why VA Tech Wabag stocks are in focus?
3 weeks, 3 days ago

Va Tech Wabag shares: Why VA Tech Wabag stocks are in focus?

India Today  

Shares of water treatment firm Va Tech Wabag were in the spotlight on Monday, December 18, following a sharp fall in the stock price. Over the past year, Va Tech Wabag shares had surged by over 193%, outperforming the NSE Nifty 50 index, which gained 14% during the same period. REASON FOR THE DECLINE The sharp fall in Va Tech Wabag shares followed the company’s announcement that the Saudi Water Authority had cancelled the tender for the Rs 2,700 crore desalination project. Va Tech Wabag had described the project as a significant milestone, highlighting its expertise in desalination technology and its long-standing presence in Saudi Arabia.

History of this topic

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2 weeks, 5 days ago
VA Tech Wabag share price tumbles 19% as ₹2,700 crore order from Saudi Water Authority gets cancelled
3 weeks, 3 days ago
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