Top 5 Water Sector Stocks to Watch for 2024

VA Tech WABAG has secured a ₹1,000 crore order from Indosol Solar to build a sea water desalination plant at their solar PV manufacturing unit in Andhra Pradesh. The project will be completed in 38 months, followed by a 15-year maintenance contract. This marks WABAG's entry into the solar PV sector, utilizing advanced desalination technology.

Fri Oct 18, 2024

Welspun Corp Ltd
 - Current Price: ₹715
 - Market Cap: ₹18,753 Cr
 - Operating Profit Margin (OPM): 10%
 - 1-Year Return: 66%
 - Involved in water and gas pipelines.

ION Exchange (India) Ltd
 - Current Price: ₹676
 - Market Cap: ₹9,915 Cr
 - OPM: 12%
 - 1-Year Return: 8.79%
 - Key Highlights: Over 100,000 installations globally; focuses on water treatment solutions.

Va Tech Wabag Ltd
 - Current Price: ₹1,856
 - Market Cap: ₹11,544 Cr
 - OPM: 13%
 - 1-Year Return: 263%
 - Key Highlights: Global leader in water technology; strong focus on desalination and wastewater treatment.

Shakti Pumps (India) Ltd
 - Current Price: ₹4,593
 - Market Cap: ₹9203 Cr
 - OPM: 19%
 - 1-Year Return: 306%
 - Key Highlights: Major player in solar pumps; holds a 26% market share in solar pumping solutions.

EMS Ltd
 - Current Price: ₹865
 - Market Cap: ₹4,803 Cr
 - OPM: 26%
 - 1-Year Return: 177%
 - Key Highlights: Provides turnkey solutions in water and waste management; aligns with national missions for water security.

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