VA Tech Wabag Rallies On Strong Q4: SEBI RA Krishna Pathak Projects Rally Toward ₹1,789

Shares of VA Tech Wabag surged over 6% on Thursday, buoyed by a strong March quarter earnings report and renewed investor optimism. 

The rally was further reinforced by a bullish technical setup, suggesting the potential for continued upside.

SEBI-registered analyst Krishna Pathak notes that the company’s Q4 performance exceeded expectations, with sharp improvements in revenue, profitability, and margins.

Revenue rose 23.8% to ₹1,156 crore, while net profit jumped 37.4% to ₹99.5 crore. EBITDA also grew 21.9% to ₹140.8 crore, highlighting strong operational leverage.

From a charting standpoint, Pathak highlights that VA Tech Wabag has broken above a long-term descending trendline, signaling a potential trend reversal and renewed bullish momentum. 

The price has found consistent support around the ₹1,345 level, which aligns with its 9-day exponential moving average (EMA). 

Thursday’s price action also formed a bullish candle with a higher high–higher low pattern, reinforcing the technical strength.

Pathak sees an attractive accumulation opportunity in the ₹1,435–₹1,441 zone and adds that the stock is currently testing the ₹1,550–₹1,600 resistance band. 

A decisive breakout above this level could pave the way for an aggressive upward move.

He adds that if the stock sustains above ₹1,600, short-term targets are projected around ₹1,698–₹1,789.

Retail sentiment on Stocktwits has also turned ‘bullish’, lending further momentum to the ongoing rally. 

VA Tech Wabag shares have fallen 9% year-to-date (YTD).

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