VA Tech Wabag soars 4% after bagging order from Petronas

The stock hit a high of Rs. 735 and a low of Rs. 702 on BSE today.

Shares of VA Tech Wabag were trading higher 4% at Rs. 711 on BSE today. The company and its consortium partner Muhibbah Engineering (M) Bhd has bagged a contract worth Rs 1,500 crore from Malaysia's national oil and gas company Petronas (Petroliam Nasional Berhad).

The stock hit a high of Rs. 735 and a low of Rs. 702 on BSE today. Total traded quantity on the counter stood at over 0.28 lk shares on BSE.

Meanwhile, the BSE Sensex is up 215 points at 25,669.

Va Tech Wabag Ltd is currently trading at Rs. 705.8, up by 23.85 points or 3.5% from its previous closing of Rs. 681.95 on the BSE.

The scrip opened at Rs. 725.1 and has touched a high and low of Rs. 739 and Rs. 700 respectively. So far 216238 shares were traded on the counter. The current market cap of the company is Rs. 3713.76 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 972.5 on 17-Mar-2015 and a 52 week low of Rs. 615 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 715 and Rs. 662.45 respectively.

The promoters holding in the company stood at 28.99 % while Institutions and Non-Institutions held 50.09 % and 20.92 % respectively.

The stock is currently trading its 200 DMA.