Shares of water treatment player VA Tech WABAG (NSE: WABAG) dropped more than 4% in trade on Tuesday, May 7. At 1.15 pm, VA Tech WABAG stock price quoted at ₹901.70, down 3.08% on the National Stock Exchange (NSE). The day's low price was ₹892.85. WABAG shares dropped despite the company informing exchanges that it has secured an order to set up a 36 million litres per day wastewater treatment.
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The recent rise in US Treasury yields, outflows of Foreign Portfolio Investors (FPI) from Indian bonds happening for the first time in the last seven months and the rupee coming under some pressure in spite of pretty strong underlying fundamentals have all led to a rise in Indian government bond yields. However, with the global monetary tightening cycle effectively ending and rising hopes.
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As recently as 2021, with COVID-19 raging and much of America stuck working and studying from home, Disney stock hit an all-time high near $190 a share as investors saw demand skyrocket for the company's new Disney+ streaming service. A series of movie flops, culture war kerfuffle, and the stubborn unprofitability of direct-to-consumer streaming, however, soon soured investors on Disney stock.
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