High ROE & ROCE Multibagger Alert: Small-Cap Stock Clinches Major Deal with Energy Giant, Signaling Explosive Growth Potential!

The shares of the company have an ROE of 75.49 per cent and a ROCE of 35 per cent and gave multibagger returns of 242.82 per cent

Today, shares of Waaree Renewable Technologies Ltd zoomed 2.48 per cent to Rs 943.90 per share with the day’s high of Rs 959.90 and the day’s low of Rs 918.10.   

Waaree Renewable Technologies Ltd has received a Letter of Award (LOA) from the energy arm of one of India's leading conglomerates in the steel, power and infrastructure sector, for engineering, Procurement and Construction (EPC) services and setting up a solar power project of 6.5 MWp capacity along with five years of operation & maintenance services.  

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, the company has a market cap of Rs 1,965 crore. The company reported excellent results in both, quarterly and annual consolidated financial statements. The net sales skyrocketed 121 per cent and the net profit skyrocketed 2400 per cent in Q3FY23 compared to Q3FY22. The shares of the company have an ROE of 75.49 per cent and a ROCE of 35 per cent.  

The stock gave multibagger returns of 242.82 per cent from its 52-week low of Rs 280 per share. Investors should keep an eye on this Small-Cap stock.