Rekha Jhunjhunwala-Backed Smallcap Stock VA Tech Wabag Climbs 525% in Three Years, Trades Ex-Dividend
Shares of VA Tech Wabag, a notable smallcap stock backed by Rekha Jhunjhunwala, have surged an impressive 525% over the past three years. Rekha Jhunjhunwala, who is the wife of the late renowned investor Rakesh Jhunjhunwala, holds a significant stake in this company. Recently, VA Tech Wabag shares started trading ex-dividend, signaling an upcoming dividend payout which often attracts investor interest.
This spectacular rally underlines the stock’s status as a multibagger, demonstrating strong growth and confidence from market participants. VA Tech Wabag operates in sectors that have shown resilience and growth potential, contributing to its steady price appreciation.
For investors, the ex-dividend trade date is a key event as it marks the point when new buyers are no longer entitled to the announced dividend, potentially impacting share price temporarily. Current and prospective shareholders might want to consider this dividend announcement alongside the stock’s impressive performance history when making investment decisions.
In the context of broader market dynamics, smallcap stocks like VA Tech Wabag remain attractive for those seeking substantial upside, albeit with higher volatility. Monitoring such stocks, especially those supported by prominent investors, can provide valuable insights for portfolio diversification and growth opportunities.