# VA Tech Wabag jumps 5% as brokerages hike targets after Q1 beat

2026-08-14T08:45:25+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Shares of VA Tech Wabag jumped over 5% on 14 August despite a weak Sensex, after Axis Securities raised its target price to Rs 2,105 from Rs 1,930, maintaining a 'buy' call. The move followed strong Q1FY27 results: revenue rose 21% YoY to Rs 886.8 crore, PAT jumped 37% to Rs 90.1 crore, and EBITDA grew 22% to Rs 116.3 crore. The company’s order book hit an all-time high of Rs 19,400 crore, over four times annual revenue. ICICI Securities also hiked targets on VA Tech Wabag, among other stocks, citing a potential upside of 28% from current levels, Livemint and NDTV Profit report. Investor Rekha Jhunjhunwala holds an 8.02% stake. Axis Securities said strong order visibility and an asset-light model support 15-20% revenue CAGR and margin targets of 13-15%.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/10-stocks-in-focus-after-q1-results-icici-securities-hikes-targets-on-va-tech-wabag-solar-industries-indigo-paints-and-more-details-inside-11908593#publisher=newsstand>
- livemint.com <https://www.livemint.com/market/stock-market-news/rekha-jhunjhunwala-portfolio-stock-va-tech-wabag-jumps-5-axis-securities-raises-target-price-after-q1-results-2026-11786692269587.html>

Tags: brokerage, ICICI Securities, IndiQube, Q1 results, stock targets, VA Tech Wabag
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