Waaree Energies Share Price Hits Record High: Rs 1 Lakh Crore M-Cap Crossover Creates Buzz
There are some moments in the stock market which surprise the entire investor community. Waaree Energies shares did the same in the latest trading session. Waaree Energies share price reached a new 52-week high and the market cap of the company crossed the big milestone of ₹ 1 lakh crore for the first time. This is not just a figure, but a powerful message for the Indian renewable energy sector that the real growth journey has just begun.
Waaree Energies Share Price Soars To Fresh High
On Thursday, Waaree Energies share price saw a sharp 8% rise and the stock closed at Rs 3,749.70, a new 52-week high. Trading volumes also increased 3.6 times, indicating a strong buying momentum among investors. The stock was continuously rallying for the third session, which further strengthened the confidence.
At the previous day’s closing, its market cap was Rs 99,911 crore, but after this sharp rise, the total market cap of Waaree Energies reached Rs 1.06 lakh crore. On NSE too, Waaree Energies share price showed its magic and the stock rose 5.9% to Rs 3,682.90.
Waaree Energies Share Price Delivers Multibagger Returns
If the performance of the last few months is taken into account, then Waaree Energies share price has given multibagger returns. The company’s shares have generated a return of up to 147%, which not only beats benchmark indices like Nifty (-0.13%) and Sensex (-0.43%), but is also much higher than the industry average of 38%. This is one such growth story which has become a real example of wealth creation for investors.
The stock is trading above its 50-day and 200-day simple moving averages, where the 50-DMA is at Rs 3,143.1 and the 200-DMA is at Rs 2,729.1. Technical indicators also show a strong trend. The Money Flow Index (MFI) level is 79, which signals an overbought zone. Normally, an MFI above 70 is considered overbought, but such strong momentum indicates that market participants are still bullish on the future of this stock.
Strong Q1 Results Boost Waaree Energies Share Price
Waaree Energies’ latest quarterly results have given a strong push to the stock’s rally. The company’s consolidated net profit jumped 89% to ₹ 745 crore in Q1, as against ₹ 394 crore in the same quarter last year. Revenue from operations also rose 30% to a record ₹ 4,426 crore, up from ₹ 3,408 crore in the previous year.
Sequential growth also remained equally strong. PAT was up 20% this time as compared to profit of ₹ 619 crore in January-March quarter. Topline also grew by 11% quarter-on-quarter from ₹ 4,004 crore to ₹ 4,426 crore. These numbers clearly show that Waare Energies is delivering consistent and sustainable growth in its core business segments.
Diversified Business Model Strengthens Waaree Energies
The company’s operations are divided into three major verticals – solar photovoltaic modules, power generation and engineering, procurement & construction (EPC). This diversification gives Waaree Energies a balanced portfolio comprising multiple growth drivers of the renewable energy ecosystem.
In recent developments, Waaree Energies has also announced to acquire 64% stake in Kotson’s Private Limited, an advanced transformer solutions provider. The deal is valued at Rs 192 crore and this acquisition will further strengthen their clean energy and infrastructure ecosystem.
Renewable Energy Stocks Ride The Green Wave
Along with Waaree Energies share price, the entire renewable energy sector also traded in the positive zone. Shares of NTPC Green Energy, Adani Green Energy, Premier Energies and ACME Solar Holdings also rose in the September 11 session. This trend clearly shows that renewable energy stocks have now become a new opportunity for investors, where the potential for growth is still very high.
The rise of Waree Energies is not just the story of one company, but a symbol of the strength and bright future of India’s renewable energy sector. With the shift towards green economy and government support, other companies can also make their growth trajectory like Waree in the coming times.
Conclusion
In today’s time, Ware Energies share price has become a hot topic, where a learning is also hidden for investors. This stock has set a real-life example of how important it is to have patience, vision and select the right company in the market. Rs 1 lakh crore market cap crossover is a milestone which shows that the wave of renewable energy is not just running, but has gained momentum.
Disclaimer:
The financial and stock market related information shared in this article is based on market reports and official announcements. It is always important to take guidance from your financial advisor or any certified expert before taking any investment or trading decision.
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