Thursday, June 30, 2022
IndiaYes Securities also likes this stock invested by Rakesh Jhunjhunwala, know what...

Yes Securities also likes this stock invested by Rakesh Jhunjhunwala, know what is the target and stop loss

Yes Securities says that in view of the growing water crisis in the country, the government and all funding agencies are constantly focusing on the water storage and water treatment sector, which is expected to generate strong growth in the long term.

Domestic brokerage house Yes Securities is very bullish on Rakesh Jhunjhunwala’s investment Va Tech Wabag. The company has an excellent track record of securing and completing large and complex projects.

The company had orders worth Rs 100 billion till the December 2021 quarter. Yes Securities says that with such a large order volume, the company’s future earnings prospects are quite good.

In its note on Va Tech Wabag , Yes Securities has said that all its major projects are covered under the price variation clause which will help the company to maintain its profitability going forward.

Yes Securities has started coverage of Va Tech Wabag with a Buy rating and a target of Rs 391. The brokerage house says that this stock can see a rise of up to 29 percent from its current levels.

Yes Securities has further said in this note that in view of the increasing water crisis in the country, the government and all the funding agencies are continuously focusing on the water storage and water treatment sector, which is expected to generate strong growth in this sector in the long term. A company like Va Tech Wabag will get the benefit of this.

Let us tell you that Va Tech is a leading multi national company in Wabag water and waste water treatment sector, which does business in many countries of the world.

According to the company’s shareholding pattern available on BSE, Rekha Jhunjhunwala, wife of Big Bull Rakesh Jhunjhunwala, holds 8.04 per cent in Va Tech Wabag.

Disclaimer: The views expressed on are the personal views of the experts. Website or management is not responsible for this. IMAPHSY Media advises users to consult a certified expert before taking any investment decision.

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