Could Investors Have Sidestepped the 75% Crash in VA Tech Wabag Stock?
VA Tech Wabag is a very reputed name in water treatment, sewage treatment and seawater desalination. The company operates in 20+ countries. It has completed more than 6,000 projects so far, has three R&D centres across the globe and has more than 100 patents to its name.
The stock was trading at Rs827 in November 2014. On 8 November 2019, it closed at Rs177.
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  • Nifty, Sensex Losing Upward Momentum – Monday closing report
    We had mentioned in Friday’s closing report that Nifty, Sensex may give up some of its gains. The major indices were negative for most of the day and ended flat. On the NSE, there were 902 advances, 890 declines and 367 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
    The government will start roadshows for privatisation of ailing state-run Air India this week in Singapore with disinvestment secretary T.K. Pandey along with senior aviation ministry and Air India officials to brief the prospective buyers for complete stake sale in the airline. The national carrier has a debt of Rs57,000 crore and the bids will be invited for 100% stake.
    Natco Pharma has announced a key technical product from its Crop Health Sciences (CHS) division for Chlorantraniliprole (CTPR), a broad spectrum insecticide used in several crops, and is hoping to bring formulations based on this product with affordability and accessibility to farmers across the country. NATCO is awaiting regulatory approval of the CTPR product. CTPR is an active ingredient used in products commercialized by FMC under their brands Coragen® & Ferterra®.
    Indian Bank fixes issue price for preferential issue of shares to Government of India at Rs216.09. Accordingly the number of shares to be issued and allotted to Government of India on preferential basis shall be 11,72,65,954.
    AksharChem India has resumed the production, after a planned shutdown of Vinyl Sulphone Plant at Village Indrad, Mehsana.
    Balrampur Chini Mills reported decrease in revenues by 16% y-o-y for the quarter ended September 2019 to Rs863 crore. Net profits increased 7.87% y-o-y to Rs100 crore. The board has declared an interim dividend of Rs2.50 per equity share of Re1 each for the financial year 2019-20.
    NESCO reported increase in revenues by 28% y-o-y for the quarter ended September 2019 to Rs135 crore. Net profits increased 50% y-o-y to Rs74 crore.
    Alkem Laboratories reported increase in revenues by 18% y-o-y for the quarter ended September 2019 to Rs2,295 crore. Net profits increased 46% y-o-y to Rs371 crore.
    Indian Terrain Fashions reported decrease in revenues by 7.39% y-o-y for the quarter ended September 2019 to Rs117 crore. Net profits dropped 45% y-o-y to Rs4.48 crore.
    Cupid reported increase in revenues by 101% y-o-y for the quarter ended September 2019 to Rs42.94 crore. Net profits jumped 155% y-o-y to Rs11.03 crore.
    The top gainers and top losers of the major indices are given in the table below:
    The closing values of the major Asian indices are given in the table below:
  • User


    gopala krishna Kolluru

    3 weeks ago

    superb analysis..There is lot of trust on d articles posted in moneylife..learning a lot..thanks to moneylife..keep up the good work

    Saudi Aramco lists RIL investment, expansion in India in monster IPO prospectus
    Saudi Aramco launched has its prospectus for the worlds biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India angle-acquiring 20 per cent in Reliance Industries Limited (RIL) oil to chemicals business and an expansion of its upstream business in high growth markets.
    In the 658 page prospectus launched on Sunday, Saudi Aramco highlighted its proposed investments in RIL in the column for proposed acquisitions.
    "The Company has recently entered into non-binding agreements regarding the expansion of its downstream business in Asia, including entering into a non-binding letter of intent with Reliance Industries Limited on August 12, 2019 to purchase a 20 per cent stake in its oil to chemicals division," it said.
    In addition, Aramco will be expanding into India among the high growth markets as a key growth strategy.
    "Furthermore, the Company intends to enhance its domestic and global marketing businesses to support the position of its upstream business in key, high-growth geographies, including China, India and Southeast Asia, which are integral to the Company's existing business and future expansion strategy."
    Saudi Aramco has issued the prospectus for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).
    Saudi Aramco, the world's largest integrated oil and gas company, is wholly owned by the government of the Kingdom of Saudi Arabia. It is the most profitable company in the world and its valuation at the upper end of the range of $2 trillion which Crown Prince Mohammed bin Salman has been targeting to be the double that of Microsoft, the most valuable company in the world and seven times that of Exxon Mobile, the most valuable oil company. 
    The largest IPO has been $25 billion and the Aramco IPO size would depend on the number of shares and price.
    The company's crude oil production accounted for approximately one in every eight barrels of crude oil produced globally from 2016G to 2018G.
    Aramco said that it has high operating cash flow, Free Cash Flow, EBIT, EBITDA and Return on Average Capital Employed (ROACE) than each of the five major international oil companies -- collectively, the "Five Major IOCs", comprising ExxonMobil, Shell, Chevron, Total and BP.
    The prospectus also said that it has a lower gearing (ratio of net debt (total borrowings less cash and cash equivalents) to net debt plus total equity) than each of the Five Major IOCs.
    Amin H. Nasser, President and CCEO of Saudi Aramco, said: "Saudi Aramco's vision is to be the world's pre-eminent integrated energy and chemicals company. Over the last three years, we were responsible for one in every eight barrels of crude oil produced globally and our proved liquids reserves, at the end of 2018, were five times larger than the combined proved liquid reserves of the Five Major IOCs. We are a steadfast contributor to the world's energy security."
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    A P T Selvakumar

    4 weeks ago

    Excellent analysis. Lot of learning from this article. Please write more of these case studies. Really Great!!!!

    Aditya G

    1 month ago

    And a few years ago, 'Peak Oil' was a thing. Iran has just discovered a field with estimates at around 50+ billion barrels. I can't help but think this whole thing is nothing but Game of Thrones playing out in the Middle East. I reckon, Iran would be House Stark and Saudi would be House Martell.

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