Introduction:
Leading renewable energy solutions provider has secured a domestic order for the supply of a 10kW Hybrid Solar Inverter and ten sets of batteries. The order is set to be delivered within 4 to 6 weeks, supporting sustainable energy development.
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Share price movement of Waaree Technologies:
On January 10, 2025, Waaree Technologies Ltd. opened at ₹388.00, down 3.55% from its previous close of ₹402.25. The stock reached a high of ₹408.95 and a low of ₹382.15. By 11:12 AM, it traded at ₹382.20, a 4.98% decline, with a market cap of ₹411.56 crore.
Waaree Receives Order for Inverter and Batteries:
Waaree Technologies Limited secured a domestic order from a trading customer for the supply of one 10kW Hybrid Solar Inverter and ten sets of batteries. The order, to be delivered within 4 to 6 weeks, marks a significant business development.
The supply is expected to be completed within 4 to 6 weeks, with the inverter and batteries to be delivered to meet the client’s energy requirements. The total contract involves one set of inverters and ten sets of batteries.
Waaree Technologies confirmed there is no involvement of related-party transactions in this contract. The order represents a significant step in the company’s ongoing efforts to expand its renewable energy solutions.
Recent news on Waaree Technologies:
As of November 23, 2024, Waaree Technologies Ltd. announced receiving an order for 530 solar kits from its group firm, Waaree Renewable Technologies Ltd. The kits, including batteries and solar-powered street lights, are to be delivered within eight weeks.
Ace investor holding in Waaree Technologies:
Ajay Kumar Aggarwal
Ajay Kumar Aggarwal holds a 1.36% stake in Waaree Technologies Ltd, amounting to 146,125 shares valued at ₹5.7 crore. This investment reflects his confidence in the company’s growth and renewable energy prospects.
Stock performance of Waaree Technologies for Period of 1 week, 6 months and 1 year:
Waaree Technologies Ltd. has experienced a challenging period, with an 18.5% decline in the past week, a 69.5% drop over six months, and a 57.2% decrease in the past year, reflecting the tough market conditions for the company.
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Shareholding pattern of Waaree Technologies:
| All values in % | Sep 2024 | Mar 2024 |
| Promoter | 58.80% | 59.10% |
| FII | 0.00% | 0.00% |
| DII | 0.00% | 0.00% |
| Public | 41.20% | 40.90% |
About Waaree Technologies:
Waaree Technologies Limited (BSE: 539337) was founded in 1993 and initially focused on adhesive tapes and synthetic paper. It later expanded into module trading and is now a key player in the packaging material supply chain, offering repackaging services.
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.
