9,000 per cent returns: Multibagger power generation company receives orders to set up solar power projects of 887 KWp!
The stock gave multibagger returns of 300 per cent in just 1 year, 700 per cent 2 years and over 9,000 per cent returns in 3 years.
Waaree Renewable Technologies Ltd (WRTL) informed that the company have received work orders for a total of 887 KWp. Here are the details:
Order No – 1: A work order of Turnkey EPC job work for Engineering, Procurement and Construction (EPC) services in respect of setting up of a Rooftop solar power project of 600 KWp capacity. The order is received from one of the leading business houses in the field of packing solutions and will be completed in the current financial year 2023-2024 as per the terms.
Order No – 2: A work order of Turnkey EPC job work for Engineering, Procurement and Construction (EPC) services in respect of setting up of a Rooftop solar power project of 287 KWp capacity. The order is received from private limited and will be completed in the current financial year 2023-2024 as per the terms.
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. WRTL has a market cap of Rs 2,740 crore and has delivered good profit growth of 123 per cent CAGR over the last 5 years.
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On Thursday, shares of Waaree Renewable Technologies plunged 1.52 per cent to Rs 1,316.15 per share with an intraday high of Rs 1,369.75 and an intraday low of Rs 1,308.
The stock gave multibagger returns of 300 per cent in just 1 year, 700 per cent 2 years and over 9,000 per cent returns in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.