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NEW DELHI: As India’s focus has increasingly shifted to providing cleaner water and sustainable waste management, this company is looking to capitalise on the opportunity to build bigger fortunes.
VA Tech Wabag, which has expertise in water engineering with many projects in India and abroad under its belt, has enthused analysts, who believe the next one year could be very rewarding for its shareholders with a 75 per cent potential upside in the stock. Ace investor Rakesh Jhunjhunwala also owns 8% stake in this smallcap.
So, what is really working for it?
First and foremost, the company is sitting on a decent order book. Analysts believe past concerns about the company piling up debt, low cash flows and slow-moving orders have largely been addressed.