Brokerages Maintain Buy Ratings on VA Tech Wabag, Reliance, Eureka Forbes with Upside Potential

Motilal Oswal Financial Services has reiterated 'Buy' ratings on VA Tech Wabag, Reliance Industries, and JSW Infrastructure, citing strong sector tailwinds, robust order books, and expansion plans. VA Tech Wabag, with a Rs 16,300 crore order book and ongoing Middle East projects, is expected to deliver 15-20% revenue growth over the next 3-4 years. UBS initiated coverage on Eureka Forbes with a 'Buy' rating, highlighting growth potential in water purifiers and related segments. Target prices imply upside ranging from 26% to 54% across these stocks amid favorable market conditions.