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    Va Tech Wabag: Back in the reckoning

    The stock valuation of Va Tech Wabag is quite attractive, considering the strong revenue visibility and turnaround in the business

    Jitendra Kumar Gupta
    December 31, 2020 / 12:00 PM IST
    Va Tech Wabag: Back in the reckoning

    Image: wikimedia commons

    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

     Highlights - Entry of marquee investor lends more confidence - Improving execution, higher utilisation lift earnings - Strong order book provides good revenue visibility - Lower debt, control over working capital and fund raising strengthen balance sheet - Stock trading attractively at 8 times fiscal 2022 estimated earnings Among the stocks where Rakesh Jhunjhunwala has increased his stake significantly by the end of September quarter, Va Tech Wabag is on the top. The ace investor holds more than 8 percent stake in the company. Va Tech Wabag,...

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