Waari Energies shares listed on the stock market on the 28th
India is currently in the energy transition phase and hence the business of all companies in the country, from renewable energy to battery manufacturing, etc., is increasing. In such a situation, the energy company Waaree Energies has come to the market with its IPO and now its. The shares will go public on October 28. But did you know that the shares of another subsidiary of the Vaari Group have given its investors returns of up to 66,000 percent?
Wari Renewable Technologies, a small cap company of Wari Group, is listed on the BSE SME platform. This company’s shares have increased investors’ money by 66,000 percent in the last 5 years. Even in the recent market crisis, the return on this stock is 59,000 percent. While in the period of one year, the company’s stock return has been 500 percent.
Waari Energies GMP
Although the listing of Waaree Energies shares will take place on October 28, but even before the listing, there are already rumors in the gray market about the company’s shares. The GMP (gray market premium) of Waari Energies shares reached Rs 1,430 on October 25 and its probable trading price remains at Rs 2,933. This is a 95 per cent premium to its IPO price of Rs 1,503.
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But before this, the GMP of the company’s shares increased by 105.79 percent. Its probable trading price (Waaree Energies share trading price) has reached Rs 3,093.
The power of Vari Energies will be visible
There is a bullish mood regarding Vari Energies shares because the company is betting on its future needs. This company will work in the solar EPC sector. It currently has a solar energy generation capacity of 13 gigawatts. The company also has a full order book for the future. Therefore, keeping in mind the company’s fundamentals, investors are planning to bet on its stock.
