The stock of Va Tech Wabag, a smallcap company in the water supply and management sector, can see action on Monday. The company has informed the stock market about receiving a large order. According to the information given, this order is bigger than Rs 3200 crore and is related to the plant located in Saudi Arabia. The company's stock is seeing short-term pressure, however, despite this pressure, the stock has almost doubled the money of its investors in the last one year.

What information has the company given?

According to the information given by the company, it has received a consortium order for a 200 MLD independent sewage treatment plant in Riyadh. The size of this order is $371 million i.e. Rs 3251 crore. The company has received another similar order in Saudi Arabia earlier this year. According to the company, it has completed many such orders in this area and the new orders received will further strengthen its position. This EPC consortium includes Wabag and MGC. Wabag will design and build this treatment plant. MGC will build the transmission pipeline and reservoir. How was the stock performance? On Friday, the stock closed at 1366 with a decline of about 2 percent. In the last one year, the stock has registered a gain of about 94 percent. At the same time, investors' money in the stock has increased 4 times in 3 years. Pressure has been seen in the stock in the short term. The stock has slipped more than 21 percent in 3 months. The stock has fallen 17 percent so far this year.