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Axis Securities Report
We are initiating coverage on Va Tech Wabag Ltd. with a Buy recommendation and a target price of Rs 1,700/share, implying an upside of 30% from the current market price.
Our recommendation is supported by-
Strong industry tailwinds,
Improving profitability,
Robust Order book, and
Expanding offerings.
The stock currently trades at 18 times FY26E earnings per share.
Click on the attachment to read the full report:
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This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
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