BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Kotak Securities recommends buy on Va Tech Wabag
Kotak Securities has recommended buy on Va Tech Wabag for target price of Rs 711. It says Wabag stock has corrected in recent days without any negative newsflow. At the current price of Rs 596, the stock has corrected 17% from its high of Rs 716. In view of the strong order book, sound balance sheet, long term growth potential and reasonable valuations, we upgrade the stock to "BUY" from "Accumulate" earlier. We retain the earnings and target price.