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InfrastructureHigh impactAfter close

WABAG joint venture wins ADB-funded Chennai water project

after close1 source ↓written by the desknot a recommendation

VA TECH WABAG has secured a Letter of Award from the Chennai Metropolitan Water Supply and Sewerage Board for a major project under the Chennai Climate Resilient Water Security and Sewerage Project. This initiative, funded by the Asian Development Bank, aims to develop a city-wide looped water transmission grid to enhance water supply reliability in Chennai.

The project addresses long-standing issues of water scarcity and supply disruptions, exacerbated by climate change. As the lead partner in the joint venture, WABAG is set to play a crucial role in improving the city's water management capabilities.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 16 Mar 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

WABAG closed +0.2% on the day of the news, from ₹1,227.50 to ₹1,230.20; Nifty +0.7% over the same session.

Bulletin at 16:04 IST on 16 Mar 2026. Every change is measured from ₹1,227.50, the last close before it, on 16 Mar. Nifty 50 is measured over the same sessions.

  • WABAG close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
WABAG closes around the bulletin against the close before the news, with Nifty 50 rebased to it100312281452axis spans 45%before the news · 16 Mar1228Nifty 50WABAGbulletinD0+1+3+510 Mar20 Mar2 AprReference close ₹1,227.50. 16 sessions from 10 Mar to 2 Apr; the price axis spans 45 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before16 Mar₹1,227.50basebase
On the day17 Mar₹1,230.20▲ +0.2%▲ +0.7%−0.5 pp difference
+1 session18 Mar₹1,230.00▲ +0.2%▲ +1.6%−1.4 pp difference
+3 sessions20 Mar₹1,236.90▲ +0.8%▼ −1.3%+2.0 pp difference
+5 sessions24 Mar₹1,208.70▼ −1.5%▼ −2.1%+0.6 pp difference
Gap at the open, % · ₹
▲ +0.7%+8.47 on 17 Mar
Day's range, % · ₹
1.8%≈ 23 high to low
Volume on the day
1.08×the 20-session average
Futures OI on the day
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Futures OI open, lots
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Futures premium, ₹
—
Puts per call, by OI
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Max pain
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