Rekha Jhunjhunwala stock VA Tech Wabag: Rs.2,400 cr Saudi project cancelled - Should you buy after 18% rise in 6 months?
New Delhi, Nov. 14 -- Rekha Jhunjhunwala portfolio stock VA Tech Wabag shares are likely to remain in focus on Monday, November 16, after the company disclosed that a major desalination project in Saudi Arabia, valued at approximately Rs.2,400 crore, had been cancelled by the customer, Saudi Water Authority, citing internal reasons.
Rekha Jhunjhunwala holds an 8.0% stake in VA Tech Wabag Ltd as of September 2026.
The shares ended 2% lower at Rs.2,040.10 apiece on the BSE on Friday. The stock had touched a 52-week high of Rs.2,320 in September 2026 and a 52-week low of Rs.1,033.95 in January 2026. Despite the recent decline, it has gained 3.5% in one month, 8% in three months, 48% in six months, 45% in one year and 506% over five years....
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