Rakesh jhunjhunwala portfolio stock: Do you bet in the market by looking at the portfolio of Rakesh Jhunjhunwala, the Big Bull of the stock market? So you can keep an eye on the Va Tech Wabag stock. Actually, the brokerage firm is bullish on the Va Tech Wabag stock and is recommending to buy it. According to brokerage house Yes Securities, the company has order book orders of around ₹100 billion as of December 2021. This means the order book-to-bill ratio is 3.3x trailing revenue, which helps generate revenue for the next few years.
Target price of ₹391
Domestic brokerage and research firm has set target price of this stock at Rs 391 and has initiated coverage on Va Tech Wabag shares with BUY Rating advice, which is over 29% from current levels. Let us tell that the price of this share is currently Rs 308.
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What did the brokerage firm say?
According to the brokerage firm, the company has great experience in the water industry. Not only this, the company has experienced management which is its strong point. The company’s ability to manage and execute large and complex projects in a timely manner through the use of improved technology has helped improve its technical competency, the note said. In view of the increasing water crisis in the country, the government and all the funding agencies are constantly focusing on the water storage and water treatment sector. A company like Va Tech Wabag will get the benefit of this. Apart from this, there is also news that the company can bid for a big project worth more than 10 billion rupees.
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Rakesh Jhunjhunwala also has shares
According to the shareholding pattern of BSE, Rekha Jhunjhunwala, wife of Indian veteran investor and stock market trader Rakesh Jhunjhunwala, holds 8.04% stake in Va Tech Wabag. Let us tell you that VA Tech Wabag (VATW) is a multinational company. It is a leading player in the water treatment sector, focused on providing EPC and O&M solutions across the globe.