Sector Update

PARLIAMENTARY PANEL BACKS ₹8 LAKH CRORE TAP WATER DRIVE; WATER INFRA STOCKS SEEN AS KEY BENEFICIARIES: ANI Highest direct beneficiaries: VA Tech Wabag, EMS Ltd, Ion Exchange, KSB, Kirloskar Brothers, Welspun Corp. The committee’s emphasis on groundwater depletion is also positive for companies involved in wastewater recycling, desalination, smart water management, and leak detection, where VA Tech Wabag and Ion Exchange stand out.