BREAKOUT - VA TECH WABAG LTD

14 เม.ย. 2023

BUY - WABAG
CMP - Rs. 354
Target - 1: Rs. 515
Target - 2: Rs. 710
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Technical -
1) Trendline BO
2) Cup and Handle(nearing BO).
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Fundamentals -
1) VA Tech Wabag Limited (NSE:WABAG) is considered a reasonable investment option due to its current share price increase of over 10%. Its price-to-earnings ratio of 12.34x is lower than its industry peers’ ratio of 13.03x, indicating a fair valuation.

2) Additionally, the company is expected to see a profit growth of 42% in the next two years, which is encouraging.
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