Waaree Energies becomes Rs 1 lakh cr company as shares jump 49% in 1 week
Wed, Nov 6, 2024 10:59 AM

Waaree Energies becomes Rs 1 lakh cr company as shares jump 49% in 1 week

A Flip by Shubhangi Gupta
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Shares of newly-listed solar panel manufacturer Waaree Energies rallied up to 7.6% on Wednesday, hitting a fresh peak of Rs 3,740.75 on the BSE, pushing its market capitalization above the Rs 1 lakh crore mark. The stock, which debuted on October 28 at Rs 2,550 on the BSE—representing a premium of 69.7% over the IPO issue price of Rs 1,503—has surged by about 49% in the past week.

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