Waaree Group Small Cap Stock Rallies Over 4400% In 3-Years, Massive Jump In PAT

Waaree Group's small cap stock, Waaree Renewable Technologies is in news. The company reported profit after tax (PAT) for the quarter ended December 31, 2022 at Rs 25 crore as against Rs 0.25 crore reported in December 31, 2021, up 9900%. The stock gave a return of 4496% in last 3-years only. The stock traded new 52-week high on February 13 and February 14, 2023. Check details related to the stock below:

1. Waaree Renewable Technologies Stock Performance

The last trading price of the stock is Rs 619.00 apiece with intraday gain of 3.83%. The stock's 52-week high is Rs 630.00 apiece and 52-week low is Rs 278.00 apiece, respectively. The company has a market capitalisation of Rs 1288.44 crore.

2. Waaree Renewable Technologies Return & Financial Outlook

Return: The stock gave a return of 21% in last 1-week, 24% in last 1-month, 75% in last 6-months, 72% in last 1-year, and 4496% in last 3-years. In last 5-years, the stock soared 1499%.

Financial Performance: The company for the quarter ended December 31, 2022 declared a consolidated total income of Rs 74.22 crore, down 38.66% from last quarter total income of Rs 120.99 crore. The company quarterly net profit in September 2022 was up 73.77% from Rs 4.65 crore reported in September 2021. The company's net sales was declared at Rs 120.56 crore for the quarter ended September 2022, up 967% from Rs 11.30 crore reported in September 2021.

3. Waaree Renewable Technologies About

Waaree Renewables Technology Limited (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. Waaree Group installed 10000+ solar projects, with a total operating capacity of 600+ MW.

It is also a solar developer that finances, constructs, owns and operates solar projects. Headquartered in Mumbai, it operates across geographies, focusing on long-term investments within the commercial and industrial customer segments. This subsidiary was formed to tap into the growing renewable energy market.

Disclaimer

The stock gives details about multibagger return in last 3-years. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.