VA TECH WABAG shares have responded positively to the company’s recent announcement of approximately INR 2,631.1 crore order from the Saudi Water Authority. As of 9:20 AM, the stock was trading at ₹1,345.45, up ₹57.50 or 4.46% from its previous close.
Key trading details:
- Open: ₹1,386.00
- Day’s High: ₹1,394.00
- Day’s Low: ₹1,344.15
- Previous Close: ₹1,287.95
The stock opened significantly higher at ₹1,386.00, reflecting investor enthusiasm for the large Saudi desalination plant order. While it has retreated somewhat from its opening levels, WABAG shares are still showing strong gains in early trading.
This price movement suggests that the market is reacting positively to the company’s order win, which is set to strengthen WABAG’s position in the Middle East water treatment market. The substantial size of the order, worth approximately ₹2,700 crores, appears to have boosted investor confidence in the company’s growth prospects.
Investors and analysts will likely be watching closely to see if this positive momentum continues throughout the trading session and in the coming days.
