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Improving balance sheet, earnings visibility should cheer Va Tech Wabag investors

Apart from its structural story, Va Tech Wabag is attracting investors with better balance sheet and higher order flows

VA Tech Wabag | Equity Intelligence India Pvt Ltd & EQ India Fund sold 14,800 equity shares (0.02 percent stake) in VA Tech Wabag via open market transaction, reducing shareholding to 3.01 percent from 3.03 percent earlier.
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
During the September quarter last year, Rakesh Jhunjhunwala had increased his stake in Va Tech Wabag when the stock was trading at around Rs 150 a share. We did a deep dive and found an interesting turnaround story in December and the stock was then ruling at around Rs 180 per share. Since then the stock has gained more than 70 per cent in less than six months. Investors had very little doubt about the growth opportunities, business positioning and...

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