India, Nov. 17 -- The water supply and management sector in India is rapidly growing, driven by urgent water scarcity and government initiatives. The water and wastewater market was valued at Rs 192.44 billion in 2024 and is expected to reach Rs 353.50 billion by 2030, growing at a CAGR of 10.72 percent. Over 15.7 crore rural homes now have safe tap water under the Jal Jeevan Mission.

With a market capitalization of Rs 8,818.46 crore, the shares of VA Tech Wabag Ltd were trading at Rs 1,415.75 per share, increasing around 0.49 percent as compared to the previous closing price of Rs 1,408.90 apiece.

Brokerage Recommendation Axis Direct has issued a 'Buy' rating on the water management company, setting a target price of Rs 1,930 per share...