๐ Waaree Renewable Share Price Climbs 10%: Good News for Investors!
๐ Waaree Renewable Technologies is among the companies that have seen a significant increase in their share prices over the past year. On Friday, the company’s shares surged by 10%, which is believed to be due to the news of a possible stock split.
๐ The company’s shares closed at INR 2,689.40 in the Mumbai Stock Exchange on Friday. A major decision is expected to be announced on January 20.
๐ผ The company had informed the stock markets on January 4 that a board meeting of the directors will be held on January 20, 2024. On this day, the company will decide whether to distribute the shares or not. This news led to a surge in the company’s share prices on Friday.
๐ฐ Impressive Returns for Investors: In the past year, the value of these shares has increased by a staggering 450%. The share price of this multibagger stock has risen by over 80% in the last month alone. Investors who have been investing in these shares for the past six months have already made a profit of more than 120%. The total market capitalization of the company stands at INR 1,344.48 crores.
๐ What Does Waaree Renewable Technologies Do? Waaree Group works on green projects like solar energy. The group currently operates more than 10,000 solar energy plants, with a total capacity of over 600 megawatts. Previously known as Sangam Renewable Limited, Waaree Renewable Technologies is making significant strides in the renewable energy sector.
๐๐ Exciting Times for Waaree Renewable Technologies: The company’s share price has reached a 52-week high of INR 2,703.95 per share on the Bombay Stock Exchange, while the lowest point in the past 52 weeks was INR 470 per share. With a strong market capitalization, the company is making its mark in the renewable energy industry.
๐ Stay tuned for January 20, 2024, as Waaree Renewable Technologies is expected to make a significant announcement that could further impact its share prices. Investors and enthusiasts in the renewable energy sector are eagerly awaiting this development.
Note: The above news is based on the current market trends and should not be considered as financial advice.
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