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HomeINVESTMENT7983% And 791% Return Green Energy Share Received Big Order; Target ₹3000

7983% And 791% Return Green Energy Share Received Big Order; Target ₹3000

Waaree Renewable Technologies: The nation that we reside in is a developing country in the area of Green Energy.

Although there are a lot of Green Energy sources in the country solar is one of the well-known and least expensive energy sources.

So, solar energy-related projects are expanding and being built in several states in the country.

However, Rajasthan is the largest solar energy-producing state in the nation with an 18-GW solar energy production, because more solar projects noticed to be launching across the country.

One such major project is set to be established in the state by Waaree Renewable Technologies Limited, details of which were given by the company in recent times.

Waaree Renewable Will Set Up A Project Of More Than 400 MW

The company recently told us that it has received an order for setting up a 412.5 milliwatt solar plant. The company received the request through Juna Renewable Energy, a subsidiary of Acciona Energy.

In this case, the company will create this project based on procurement, engineering, and contract in Kawani village in the Bikaner district in Rajasthan.

The solar panels that will be installed as part of this project will feature a dual-faceted that is, the solar panels are not just in a position to generate energy from the sun’s rays falling upwards, but they will also be capable of generating energy from light falling from below.

A Significant Rise Seen In The Company’s Stock Today

A substantial increase was observed in the company’s stock this morning. In the morning, the stock of the company was traded at Rs 1,959. After that, the stock plummeted to Rs 1,900.

However, soon after it saw a huge improvement in the stock as the price was trading at Rs 2,018 and closed at 2018.50 This is an increase in daily trading of 5 percent for the company’s stock.

The Company Is Performing Better

The company has been able to perform better in recent quarters. This increase on the part of the business was evident in March of the year 2024.

As per the report of the March quarter, the company announced that the revenue of the company has risen to Rs 273.25 crores which was just less than Rs 61.49 crores in the previous quarter of the previous year’s financial year.

That is, there is an increase of 344.40 percent in revenues.

As with revenue net profit too has increased during March. The company has reported that net profits in the March quarter have risen to 54.21 crores.

This is an increase from 12.28 crores in the previous quarter of the previous budget year. This indicates that there’s an improvement of 341.41 percent in the net profit of the company.

The Company Is Giving Amazing Returns

Because of the constant growth in the operations of the firm, it is delivering huge returns to its investors.

The company has provided the investors a yield of 62,007.69 percent over the past five months, 7,983.7 percent in the three years preceding it, 791.33 percent in the one year prior, 261.74 percent in the six months prior and 7.18 percent over the past three months.

Waaree Renewable Technologies Stock Performance

Current Price₹ 1,971
52-wk High₹ 3,038
52-wk Low₹ 217
5 Days Return-0.39%
1 Month Return-9.17%

Key Fundamentals Parameters

Market Cap₹ 20,526 Cr.
Stock P/E139
Book Value₹ 22.3
Dividend0.01 %
ROCE103 %
ROE93.3 %
Face Value₹ 2.00
P/B Value88.4
OPM23.6 %
EPS₹ 14.2
Debt₹ 41.2 Cr.
Debt to Equity0.18

Waaree Renewable Technologies Shareholding Pattern

Promoters Holding
Mar 202374.51%
June 202374.51%
Sept 202374.48%
Dec 202374.46%
Mar 202474.46%
FII Holding
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
Mar 20240.20%
DII Holding
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.09%
Mar 20240.01%
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Public Holding
Mar 202325.48%
June 202325.49%
Sept 202325.51%
Dec 202325.43%
Mar 202425.33%

Waaree Renewable Technologies Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 6 Cr
2021₹ 13 Cr
2022₹ 162 Cr
2023₹ 351 Cr
2024₹ 876 Cr

Last 5 Years’ Net Profit:

2020₹ -3 Cr
2021₹ -2 Cr
2022₹ 9 Cr
2023₹ 55 Cr
2024₹ 148 Cr

Conclusion

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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