Waaree Energies share price hit a fresh peak on November 6 amid sustained buying in the solar power stock. The stocks of the company were listed on the exchanges last week on October 28 (Monday), since then the shares have been on an upward trend to rise nearly 50 percent.
Waaree Energies stock touched an intraday high of Rs 3,743 per share on the NSE, rising 7.78 percent in Wednesday's trading session, also its fresh peak.
Shares of solar panel maker have been gaining for the last 7 sessions. On October 28, the shares were listed at Rs 2,500 on the NSE, a premium of 66.33 percent against the issue price of Rs 1,503. Since then, the shares have surged 49.72 percent.
A total of 7.53 lakh shares changed hands today of Waaree Energies generating a total turnover of Rs 271.59 crore. The company's market cap has jumped to Rs 1,03,779.62 crore on the BSE. In volume terms, over 71 lakh shares of the company were traded on the NSE till 12 pm.
On the day of listing, the company's market valuation stood at Rs 67,866.35 crore.
Waaree Energies extends gain to fourth day, soars over 80% against issue price
Waaree Energies is one of the major players in the solar energy industry in India which is focused on PV module manufacturing with an aggregate installed capacity of 12 GW as of June 30, 2023.
It operates five manufacturing facilities with one factory each, located at Surat, Tumb, Nandigram and Chikhli in Gujarat, and the IndoSolar Facility, in Noida, Uttar Pradesh.
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