VA Tech Wabag is engaged in water treatment industry. The company provides a range of EPC and O&M solutions for sewage treatment, processed and drinking water treatment, effluents treatment, sludge treatment, desalination and reuse for institutional clients. A multinational player, the company has presence in India, the Middle East, North Africa, Central and Eastern Europe, China and South East Asia through principal offices in India, Austria, the Czech Republic, China, Switzerland, Algeria, Romania, Tunisia, UAE, Libya and Macao.
Update: 22 Sep 2011
VA Tech Wabag Ltd., a global player in water and wastewater management, said it had bagged orders aggregating to 12.90 million euros from Switzerland and this announcement has led to a 3.3% rally in the stock price. Investors with medium-term perspective can consider buying the stock of VA Tech Wabag. The company is a supplier of systems for water and wastewater management. Ever since its life-time high of Rs 722 (stock split adjusted) recorded in last October, the stock has been on a intermediate-term downtrend. In August 2011, the stock plunged sharply breaching its key medium-term support at Rs 452. However, after registering an all-time low at Rs 344 on September 9, the stock changed its direction triggered by positive divergence in daily relative strength index. It has been on a nascent uptrend since then.
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