Introduction:
India’s leading solar PV module manufacturer has received NABL accreditation for its advanced PV Module Test Lab in Gujarat. This recognition highlights the company’s commitment to quality, safety, and durability, ensuring its modules meet stringent international standards.
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Share price movement of Waaree Energies:
On December 6, 2024, Waaree Energies Ltd. opened at ₹2,883.90, up 1.58% from its previous close of ₹2,839.15. The stock reached a high of ₹2,974.90 (4.77%) and a low of ₹2,852.35. By 11:13 AM, it traded at ₹2,934.20, a 3.35% increase, with a market cap of ₹84,245.80 crore.
Waaree Energies gains NABL accreditation:
Waaree Energies Ltd., India’s largest solar PV module manufacturer, has secured NABL accreditation for its PV Module Test Lab (PMTL) at the Chikhli, Gujarat facility. This marks company’s second NABL recognition, following the Tumb manufacturing facility’s accreditation.
The NABL accreditation, under ISO/IEC 17025:2017 standards, acknowledges the lab’s competence in providing precise and reliable results across various testing parameters. Waaree’s PMTL conducts 48 tests to ensure PV modules meet rigorous safety, performance, and durability standards, guaranteeing their reliability in diverse environmental conditions.
Waaree Energies continues to demonstrate its commitment to quality and innovation with this prestigious accreditation. The PMTL is equipped for design, safety, and specialized testing, ensuring that Waaree’s solar modules adhere to internationally recognized protocols for performance and durability.
Recent news on Waaree Energies:
As of November 19, 2024, Waaree Energies reported a net profit of ₹361.65 crore for Q2FY25, marking a 14.78% YoY growth. Revenue rose 1.05% YoY to ₹3,574.37 crore, although profit declined sequentially from Q1FY25.
Stock performance of Waaree Energies for Period of 1 week and 1 months:
Waaree Energies Ltd saw a 6.43% return over the past week, reflecting positive momentum. However, its performance over the last month shows a decline of 21.9%, indicating a recent setback despite short-term gains.
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Shareholding pattern of Waaree Energies:
| All values in % | Oct 24, 2024 |
| Promoter | 64% |
| FII | 2.20% |
| DII | 3.00% |
| Public | 30.50% |
About Waaree Energies:
Waaree Energies (NSE: WAAREEENER) is a leading renewable energy company, specializing in solar PV modules, EPC services, and project development. With a 13.3GW manufacturing capacity, Waaree delivers sustainable, cost-effective energy solutions for a greener future.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
