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Waaree Energies rises as its arm starts trial production of solar module at US manufacturing facility
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Waaree Energies is currently trading at Rs. 2928.95, up by 51.05 points or 1.77% from its previous closing of Rs. 2877.90 on the BSE.
The scrip opened at Rs. 2934.80 and has touched a high and low of Rs. 2967.95 and Rs. 2832.00 respectively. So far 128744 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3740.75 on 06-Nov-2024 and a 52 week low of Rs. 2294.55 on 28-Oct-2024.
Last one week high and low of the scrip stood at Rs. 3258.30 and Rs. 2832.00 respectively. The current market cap of the company is Rs. 84143.81 crore.
The promoters holding in the company stood at 64.30%, while Institutions and Non-Institutions held 5.03% and 30.67% respectively.
Waaree Energies’ wholly owned subsidiary -- Waaree Solar Americas Inc has started trial production of solar module at its manufacturing facility in the United States (US). The first phase is of 1.6 GW solar module manufacturing capacity. The company plans to scale it up to 3 GW. The company is the first Indian renewable energy company to establish a PV module manufacturing facility in Brookshire, Texas, United States.
Waaree Energies is primarily engaged in the business of manufacture of Solar Photo-voltaic Modules, setting up of Projects in solar space and sale of electricity.
