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Waaree Joins ₹1 Lakh Cr Market Cap Club, Becomes 93rd Largest Firm with 40%+ Post-Listing Surge; Know More on This

Waaree Energies quickly reached the ₹1 lakh crore market cap, becoming the 93rd largest company, fueled by strong growth in the renewable energy sector and over 40% post-listing gains.
Waaree Joins ₹1 Lakh Cr Market Cap Club, Becomes 93rd Largest Firm with 40%+ Post-Listing Surge; Know More on This

India’s renewable energy sector continues to gain momentum as the government pursues a goal of achieving 500 GW in renewable energy capacity by 2030, with a Net Zero target set for 2070. Rising energy demands, driven by rapid industrialization, underscore the nation’s commitment to expanding solar and wind energy resources.

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Also Read: Sagility India Ltd IPO Day 1 Sees Strong Start with 0.22x, Read More!

In October, progress accelerated with 16 new renewable energy tenders announced, collectively adding 11,098 MW of capacity to the clean energy sector. These initiatives reflect India’s efforts to support sustainable energy infrastructure development.

Waaree Energies Ltd, a recently listed renewable energy firm, saw substantial interest in its IPO, which was oversubscribed by 79 times, receiving over 97 lakh applications. Debuting at ₹2,500 on the National Stock Exchange, Waaree Energies’ shares opened at a premium of 66.3% above the issue price of ₹1,503.

Following its listing, Waaree Energies’ stock surged, hitting a new high of ₹3,743, propelling the company’s market cap to over ₹1 lakh crore. It surpassed notable large-cap companies such as Hero MotoCorp, Cummins India, and Tata Consumer Products in market capitalization.

Also Read: GAIL India’s Q2 results Triumph: Shares Surge 7% as Profits Climb to ₹2,689 Crore!

Waaree Energies has become the 93rd company to achieve a market capitalization above ₹1 lakh crore, driven by a positive outlook on the renewable energy sector. Just eight days after its listing, the company joined the ₹1 lakh crore market cap club, with post-listing gains exceeding 40%.

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Valuation of Renewable Energy Companies (PE)

CompanyP/E Ratio
Waaree Energy106x
JSW Energy60x
Tata Power37x
Suzlon93x
KPI Energy58x
Adani Green202x
KPEL71x

A key player in solar panel manufacturing and exporting, Waaree Energies held a 21% domestic market share and a 44% export share in FY24. Its capacity increased from 2 GW in FY21 to 13.3 GW by FY24.

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फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

फार्मा स्टॉक ने झगड़िया में ₹177 करोड़ का अपग्रेड प्लान किया है, जिससे संचालन ऑटोमेट होगा और इलेक्ट्रोलाइट एडिटिव्स सुविधा