13,000 per cent returns in this multibagger stock: This power generation company commissions a 122.50 MWp DC solar project!
The stock gave multibagger returns of 275 per cent in just 1 year.
Waaree Renewable Technologies Ltd announce that the company have successfully commissioned a 122.50 MW DC solar power project for the customer out of the aforesaid 210 MW DC capacity.
Waaree Renewables Technologies Ltd is engaged in the business of generation of power through renewable energy sources and also provides consultancy services in this regard.
According to the financials, WRTL has a market cap of Rs 2,368.73 crore and has delivered good profit growth of 261 per cent CAGR over the last 5 years. The company reported excellent results in its both quarterly and annual consolidated financial statements.
The net profit skyrocketed 71.43 per cent to Rs 12 crore in Q4FY23 compared to Q4FY22. The net sales skyrocketed 116.70 per cent to Rs 351 crore and the net profit skyrocketed 511.10 per cent to Rs 55 crore in FY23 compared to FY22.
DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Today, shares of Waaree Renewable Technologies Ltd surged 0.28 per cent to Rs 1,138 per share with the day’s high of Rs 1,159 and the day’s low of Rs 1,130.05. The shares of the company have an ROE of 96.20 per cent and a ROCE of 84.10 per cent.
The stock gave multibagger returns of 275 per cent in just 1 year and over 13,000 per cent in the span of 3 years. Investors should keep an eye on this small-cap stock.