India, Feb. 11 -- The shares of this company, which is engaged in a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination and more, had its shares in the news after the company bagged a 20-year contract from Petroleum Development Oman.

With the market cap of Rs 5,835 crore, the shares of Ion Exchange (India) Ltd have gained about 5% and reached a high at Rs 404.95, compared to their previous day's closing price of Rs 387.20. The shares are trading at a PE of 30.1, whereas its industry PE is at 20.1. The shares have given a return of more than 200% over the last 5 years.

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