Buy VA Tech Wabag; target of Rs 612: ICICI Securities

ICICI Securities is bullish on VA Tech Wabag recommended buy rating on the stock with a target price of Rs 612 in its research report dated July 18, 2023.

Broker Research

July 18, 2023 / 18:29 IST

Buy

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Todays L/H

ICICI Securities research report on VA Tech Wabag

Desalination is gaining foothold in India and VA Tech Wabag (Wabag) has the largest market share in building and operating desalination plants in the country. (source: I-Sec Research) It was the EPC contractor for the country’s largest desalination plant, in Nemmeli, Chennai, for which it is also doing operations and maintenance.

Outlook

We introduce FY25 estimates and maintain BUY with revised target price of Rs612 per share.

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VA Tech Wabag - 18 -07 - 2023 - icis

Broker Research

first published: Jul 18, 2023 06:06 pm

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