Shares of Waaree Renewable Technologies Ltd. jumped 13% to a record high on Monday after its parent company filed for an initial public offer.
Waaree Energies filed a draft red herring prospectus with market regulator SEBI for an IPO, which consists of a fresh issue of shares worth Rs 3,000 crore and an offer for sale of 32 lakh shares of face value Rs 10 each.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Shares of Waaree Renewable Technologies rose 13% to Rs 2,239.00 apiece, the highest level since it was listed on BSE on Aug. 9, 2021. It pared gains to trade 9.04% higher at Rs 2,160.50 apiece as of 10:13 a.m. This compares to a 0.09% decline in the NSE Nifty 50.
It has risen 10.13% on a year-to-date basis. Total traded volume so far in the day stood at 10 times its 30-day average. The relative strength index was at 86.27, which implied the stock is overbought.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.