VA Tech Wabag listed today on the BSE and NSE and had a stellar performance. The opening price on the BSE was Rs 1655 while it was Rs 1500 on the NSE. The high on the BSE was Rs 1806.60 while it was a very similar Rs 1806.80. The low on the BSE was Rs 1651.10 while the open of Rs 1500 itself was the low on the NSE. The share closed at Rs 1709.40 on the BSE, up 30.49% while it closed at Rs 1707.95 on the NSE, up 30.35%.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 1655.00 | 1806.60 | 1651.10 | 1709.40 | 399.40 | 30.49 | 1731.18 | 5219423 | 618716 | 11.85 |
| NSE | 1500.00 | 1806.80 | 1500.00 | 1707.95 | 397.95 | 30.38 | 1730.12 | 9268850 | 1482836 | 16.00 |
| Total | 14488273 | 2101552 | 14.51 | |||||||
The share has traded in the 1695-1740 range for a large part of the day. There was a spurt which took the share past the 1800 mark. On the institutional front Reliance Capital has bought through its funds a total of 3.6 lakh shares. On the sell side no names appear. The total traded volume was 144.88 lakhs which is just over 4 times the IPO size of 36.07 lakhs. The total delivery volume was 21 lakh shares which was a mere 14.51% of the traded volume but 58.3% of the IPO size. The weighted average was Rs 1731.18 which is higher than the close which is around Rs 1709, indicating selling pressure and profit taking at higher levels.
The scrip has had a stellar performance without doubt and probably the high price could deter retail investors to hold the share.
