Va Tech Wabag, a maker of waste treatment plants, rose smartly in Thursday's morning trade after the company announced it had won an order from an overseas client.
Va Tech said it got a 1,500 crore rupee order from energy major Petronas to construct an Effluent Treatment Plant at its refinery in Malaysia.
As a consequence, the stock rose 26.60 rupees, or 3.9 percent, to 708.55 rupees on the National Stock Exchange, where 1.26 lakh shares were traded compared with a 5-day average of 47,000 shares.
Va Tech has seen its market capitalisation remain at 3,700 crore rupees over the past one year. The stock trades at 4.2 times its book value of 164 rupees.
The company's sales have grown 15 percent compounded over the past five years and profit has surged 20 percent compounded over the same period.
Image credit: Indiatimes