VA Tech Wabag rises to all-time high; brokers turn bullish

Written by Reuters | Updated: Sep 30 2014, 15:54pm hrs
VA Tech Wabag Ltd, engaged in waste water treatment, rises as much as 2.7 percent.

Marks an all-time high of 1,748 rupees.

Credit Suisse starts with "outperform" and a target of 2,025 rupees.

Says the underlying industry can witness a secular growth of 15 percent for many years.

VA Tech Wabag rose 6.5 percent on Monday after Standard Chartered started with an "outperform" rating.