Waaree Renewable Technologies Stock Price, Multibagger Share: Tremendous returns in three years! Share of Rs 10 crossed Rs 1140, became one lakh.. – waaree renewable technologies stock price multibagger share rallies over 13000-percent in last three years
One lakh and one crore in three years
If a person had invested Rs 1 lakh in this stock three years ago and had not sold it till today, his Rs 1 lakh would have been worth around Rs 1.4 crore today and he would have become a millionaire.
Talking about the recent performance of the company’s shares, the stock has gained 123.7% in the last one year. At the same time, its share price has increased by 127.93 percent since the beginning of this year. So in the last one year, this share has given its investors a return of 272.41 percent.
Financial condition of the company
Wari Renewable Technologies’ net profit nearly doubled to Rs 15.6 crore in the March quarter from Rs 8 crore in the corresponding quarter last fiscal. However, the company’s revenue fell to Rs 60.7 crore in the March quarter from Rs 74.9 crore in the same quarter last fiscal.
Wari Renewables Technologies Limited was earlier known as Sangam Renewables Limited. It is a subsidiary of Wari Group and operates in the Solar EFC segment. Wari Group has successfully commissioned 10 thousand solar projects with a capacity of more than 600 MW. The market capitalization of the company is Rs 2.36 thousand crores.
