Waaree Group stocks witnessed sharp selling pressure as its company, Waree Energies made its debut on the BSE and NSE. Before Waree Energies, there were two already Waree Group stocks available for trading in the market. These are Waaree Technologies and Waaree Renewable Technologies and both of them have corrected sharply upon the entry of their sibling Waree Energies. One is midcap and the other is penny stock, and they both have rewarded dividends, stock splits and bonus issues in the post-pandemic era.
Waaree Renewable Technologies Share Price:
This midcap power stock of Wareee Group dipped by as much as 4.3% on BSE, to hit an intraday low of Rs 1426.75 apiece in the early trade of October 28. The market cap of the stock is over Rs 15,330 crore.
Despite the latest drop, Waaree Renewable Technologies is a 2024 mind-blowing multi-bagger with gains of a whopping 235% so far YTD.
In 2024 alone, Waaree Renewable has delivered a Rs 1 dividend per share which turned ex-date on September 9, 2024, followed by a stock split ratio of 1:5. The face value of Waree Renewable has split from Rs 10 to Rs 2 each with effect from March 15, 2024.
Waaree Renewables Technology Limited (WRTL) operates under Waaree Energies Limited, spearheading the Solar EPC sector. Waaree has successfully installed 10,000+ solar projects, with a total operating capacity of 600+ MW.
Waaree Group is a leading renewable energy company that caters to individual, industrial, and commercial customers by encouraging them to adopt energy solutions that help reduce the release of carbon.
Waaree Technologies Share Price:
A penny stock with a market cap below Rs 1000 crore, Waree Technologies touched its 5% lower circuit on BSE to hit an intraday low of Rs 764.50 apiece on October 28. The stock has significantly corrected from its 52-week high of Rs 2,209.40 apiece. YTD, the stock is up merely 3%.
Backed by Waree Group, WTL is an international-level high-tech energy storage division of the world-renowned Waaree group. With the "Customer First" approach WTL is committed towards all round continuous innovation. WTL has a vision to build India's "new age fuel" company and our passion for excellence motivates us to be the top preferred brand among customers.
Notably, Waaree Technologies has carried only one bonus issue and that is of 2:5 ratio which came into effect on November 3, 2020, despite the second wave of a pandemic that had impacted the global market heavily in 2020.
Waaree Energies Share Price:
The two Waree Group stocks dipped despite the newly listed company, Waaree Energies made a strong premium debut.
Waree Energies opened at Rs 2550 apiece on BSE, at 67% premium from its IPO issue price of Rs 1503 apiece. The stock surged to hit a new 52-week high of Rs 2,600 apiece.
On the IPO's listing,
Also, Waree Energies becomes the most valued stock of Waree Group with m-cap of Rs 70,189.03 crore.
Waaree Energies Limited was founded in 1990, with headquarters in Mumbai, India. Waaree has India's largest aggregate installed capacity of 12 GW as of June 30, 2024 at its plants in Chikhli, Surat, Tumb, and Nandigram in Gujarat.
Click it and Unblock the Notifications
Sign in with Google