Introduction:
Solar stock has initiated trial production at a cutting-edge 5.4 GW solar cell facility in Gujarat, marking a major step towards expanding renewable energy production and reinforcing its commitment to sustainable energy and market leadership in the solar sector.
Share Price movement of Waaree Energies:
On January 6, 2025, Waaree Energies Ltd. opened at ₹2,826.95, down 2.45% from its previous close of ₹2,820.85. The stock reached a high of ₹2,843.40 and a low of ₹2,740.00. By 12:06 PM, it traded at ₹2,751.60, with a market cap of ₹79,048.85 crore.
Waaree Energies share In Focus:
Waaree Energies Limited announced the commencement of trial production at its advanced 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat. This development marks a significant milestone in the company’s commitment to renewable energy innovation and production capacity expansion.
The state-of-the-art facility is poised to enhance Waaree Energies’ market presence and meet the growing demand for solar solutions. This initiative aligns with the company’s vision to strengthen India’s renewable energy sector and accelerate the transition to sustainable energy.
Recent news About Waaree Energies:
On October 28, 2024, Waaree Energies made a stellar debut on the stock exchanges. The shares listed at ₹2,500 on NSE, a 66.33% premium to the issue price of ₹1,503, and ₹2,550 on BSE, a 69.66% premium.
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Ace investor holding of Waaree Energies:
Kalpraj Damji Dharamshi: Kalpraj Damji Dharamshi holds 6,673,420 shares in Waaree Energies, representing a 2.32% stake. His significant investment reflects strong confidence in the company’s renewable energy initiatives and its growth potential within the solar energy sector.
Het Paresh Mehta: Het Paresh Mehta owns 3,500,000 shares in Waaree Energies, comprising a 1.22% stake. His substantial holding highlights trust in the company’s strategic direction and its capacity to capitalize on the growing demand for sustainable energy solutions.
Stock performance of Waaree Energies for Period of 1 week:
Waaree Energies showcased a steady performance over the past week, delivering a return of 1.64%. This positive growth reflects the company’s resilience and consistent efforts to strengthen its position in the renewable energy sector, ensuring steady investor confidence.
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Shareholding pattern of Waaree Energies:
| Summary | Oct 24, 2024 |
| Promoter | 64.30% |
| FII | 2.20% |
| DII | 3.00% |
| Public | 30.50% |
About Waaree Energies:
Waaree Energies is a leading solar energy company specializing in manufacturing and providing high-quality solar modules, energy systems, and EPC services. With innovative technology and sustainable practices, it plays a pivotal role in advancing renewable energy solutions across global markets.
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.
