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Why VA Tech Wabag’s Stock Doubled Despite Covid-19 Lockdown
Shares of the water treatment firm have doubled in value since March. Here’s why.
16 Sep 2020, 08:46 AM IST
Shares of VA Tech Wabag Ltd. have risen nearly twofold since March 24 this year, recovering from the slump after India imposed the world’s strictest lockdown to curb the Covid-19 outbreak.The rally was aided by improved business and cash flows. The recent spike came after three high net-worth investors, including the wife of billionaire investor Rakesh Jhunjhunwala, invested in the water treatment solutions provider that has bagged p...
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