New Delhi, March 16 -- Rekha Jhunjhunwala's portfolio stock, VA Tech Wabag, rose as much as 5% to Rs.1,290 apiece in Monday's trading session on March 16 after the company bagged a new contract from Chennai Metropolitan Water Supply and Sewerage Board.

The stock opened at Rs.1,270 as compared to the previous close of Rs.1227.60 on Friday. Soon, it climbed to the day's high of Rs.1,290.

In an exchange filing dated March 14, VA Tech Wabag said that the company has secured a letter of award (LOA) from the Chennai Metropolitan Water Supply and Sewerage Board to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project for Greater Chennai City.

According to the filing, funded by the Asian ...