Market News
Stay updated with the latest market trends, earnings, and economic indicators.
VA Tech WABAG rises after bagging mega SWRO Desalination Order in Kuwait
VA Tech WABAG rose 3.13% to Rs 1,879.70 after the company secured a 'mega' Design, Build, Operate (DBO) contract from the Ministry of Electricity, Water & Renewable Energy (MEWRE), Kuwait, for the Doha SWRO Desalination Plant-Stage II.
VA Tech Wabag shares gain up to 4% on bagging 'mega' desalination project in Kuwait
According to VA Tech Wabag's exchange filing, it secured the contract for the Doha SWRO desalination plant with recarbonisation system, Stage II in Kuwait from the country's ministry of electricity, water and renewable energy.
Va Tech Wabag and PEAK to co-develop Bio-CNG plant in Ghaziabad
Va Tech Wabag (WABAG) and PEAK Sustainability Ventures (PEAK) announced the development of their first Bio-CNG plant in Ghaziabad, Uttar Pradesh. This Project marks the first milestone under their waste-to-energy initiative announced on 29 January 2024, with a shared vision to establish 100 Bio-CNG plants at sewage treatment facilities across India and other markets.
Motilal Oswal top picks: VA Tech order strength, RIL refining upside, Eternal valuations attractive
Investors are not showing panic despite geopolitical tensions, though many are reviewing portfolios and seeking safer sector exposure, according to Siddhartha Khemka of Motilal Oswal. The brokerage remains positive on VA Tech Wabag citing a ₹16,000-crore order book and strong West Asia demand. It also sees opportunity in quick commerce stocks like Eternal and Swiggy after valuation corrections, while Reliance Industries’ O2C business could benefit from higher refining margins. Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Trade Spotlight: How should you trade Himadri Speciality Chemical, ACME Solar Holdings, NBCC, Federal Bank, VA Tech Wabag, and others on June 8?
Last week's trading range remains crucial to watch, as a breakdown below it could allow bears to tighten their grip on the market. Below are some short-term trading ideas to consider.