India's VA Tech Wabag jumps on winning order worth 8 bln rupees

VA TECH WABAG

17/03/2023 05:17

** Shares of water treatment services provider VA Tech Wabag
Ltd  VATE.NS  rise as much 5.17% to 335.95 rupees, marking
sharpest intraday pct gain since March 6
    ** Stock of VATE on track for a second consecutive session
of gains
    ** VATE on Friday said it forayed into Bangladesh with a
World Bank and Asian Infrastructure Investment Bank-funded order
of 8 billion rupees ($96.97 million)  urn:newsml:reuters.com:*:nFWN35O1WT
    ** More than 216,000 shares change hands by 10:25 a.m. IST,
0.9x the 30-day avg 
    ** Stock trading above 50-day, 100-day and 200-day simple
moving averages
    ** Stock down 2.5% this year as of last close, up ~5.86% in
2022



($1 = 82.5000 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))