New Delhi, Feb. 11 -- VA Tech Wabag Ltd, a desalination and water treatment company, grabbed headlines on Monday as its stock rallied by as much as 14%. That rally was in celebration of the company securing part of a Rs.3,251 crore order for constructing an independent sewage water treatment plant in Saudi Arabia.

The company, which was founded a century ago, has established itself as the world's third-largest private water operator and desalination plant supplier. It has executed more than 1,500 water treatment plants globally since 1995.

VA Tech Wabag is no stranger to steep spikes in its share price. It has been grabbing increasing investor attention since it made its way into the portfolios of a few well-known investors, including R...