Enviro Infra Engineers Stock Soars Post-IPO

Enviro Infra Engineers, a company specializing in water and wastewater treatment plants, has seen its stock price surge by 140 percent since its initial public offering (IPO) in November, with a 50 percent increase in just five trading sessions.

The company's IPO was significantly oversubscribed, receiving 89.90 times subscription, and its shares currently trade at a premium compared to the listing price, driven by high trading volumes exceeding double the one-week average.

Enviro Infra's strong performance is attributed to its robust order book of Rs 1,906.28 crore, comprising numerous government-funded projects, and the Indian government's increased focus on water treatment infrastructure, as evidenced by the substantial budget allocation to the Jal Jeevan Mission.

Despite competition from established players, analysts recommend a long-term hold on Enviro Infra Engineers, citing its strong fundamentals and the significant growth potential within India's expanding water and wastewater treatment sector, projected to grow at 12-15 percent annually.