India's VA Tech Wabag hits 5-year high on 4.20 bln rupees order from CIDCO

VA TECH WABAG

07/06/2023 05:44

** Shares of VA Tech Wabag  VATE.NS  rise as much as 3.81%
to a five-year high of 498.25 rupees 
    ** The water technology firm secures an order worth 4.20 bln
rupees ($50.88 million) to build a water treatment plant with a
capacity of 270 mln litres per day in Raigad  urn:newsml:reuters.com:*:nFWN37Y0ZR
    ** Order received from City and Industrial Development
Corporation of Maharashtra (CIDCO)
    ** Project planned to cater to water demand for Navi Mumbai
    ** Trading volume is 421,320 shares as of 9:57 a.m. IST,
0.5x the 30-day avg - Refinitiv data
    ** The relative strength index of VATE is 78, suggesting the
stock may be overbought
    
    ($1 = 82.5525 Indian rupees)
    
       

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))