Waaree Energies Bags Order Post Mkt Hours, Shares Jump 49.16% In 7-Days

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Waaree Energies Bags Order Post Mkt Hours, Shares Jump 49.16% In 7-Days

Business oi-Renu Baliyan

Waaree Energies Ltd shares have been witnessing sharp rally in last 1-week. The scrip soared 49.16% in just 1-week span and defied weak market conditions. Last trading price of Waaree Energies shares on BSE stood at Rs 3633.65 per share, registering a sharp rally of 4.56%. Waaree Energies shares touched 3-rd consecutive 52-week high on BSE today. The company has a market capitalisation of Rs 1,04,388.66 crore. It is engaged in the electrical equipment industry.

Today the company received order after market hours, according to the BSE filing. Earlier, shares of Waaree Energies made debut on the BSE on October 28 at Rs 2,550 apiece, up 69.7% over its issue price of Rs 1503. Meanwhile, the scrip listed on NSE at Rs 2500. Check key details below:

Waaree Energies Wins New Order: According to the exchange filing of the company, “this is to inform you that the Company has received order for supply of modules upto 180 Mwp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.”

The supply of modules is scheduled to commence at the end of November 2024 and complete in Q4 of FY 2025, as per the BSE filing.

Waaree Energies Shares Performance

The 52-week high price of Waaree Energies shares on BSE is Rs 3740.75 per share and 52-week low price is Rs 2294.55 per share, respectively. Waaree Energies shares gave returns of 49.16% in last 1-week.

Waaree Energies About

Waaree Energies Limited (“WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, (Source: CRISIL Report). WEL commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. WEL has five solar module manufacturing facilities in India, with international presence, according to its official website.

Story first published: Wednesday, November 6, 2024, 22:25 [IST]

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