Brokerage and research firm Nomura sees huge upside on the water treatment company Va Tech Wabag's shares and has maintained its Buy rating on the stock. Headquartered in Chennai, Va Tech Wabag is a multinational player in the water treatment industry. Nomura in a result note on Va Tech Wabag said that the company's Q1FY22 was largely on expected lines. Nomura has maintained its ‘Buy’ rating on the Va Tech Wabag stock with target price of ₹546 per share, more than 50% implied upside. As per the BSE shareholding pattern, Rakesh Jhunjhunwala holds 8.04% stake or 50,00,000 shares of the company as of June 2021 quarter.

Source: Mint August 17, 2021 10:20 UTC