5:1 stock split after 57:10 bonus shares 10 years ago: Back-to-back upper circuits & 52-week highs in this multibagger power stock; rockets 50,000 per cent!
The shares of the company have an ROE of 96 per cent and an ROCE of 84 per cent.
Today, one of the Top Gainers on BSE, shares of Waaree Renewable Technologies Ltd (WRTL) hit a 5 per cent upper circuit to Rs 7,090.50 per share from its previous closing of Rs 6,752.90 per share. The stock also made a fresh 52-week high is Rs 7,090.50 while its 52-week low is Rs 600.50 with a spurt in volume by more than 1.15 times on BSE.
The Board of Directors of the company approved the sub-division/ split of the existing 1 equity share of the face value of Rs 10 each fully paid up into 5 equity shares of the face value of Rs 2 each fully paid up, subject to shareholders' approval. The company fixed the record date for the stock split as Saturday, March 16, 2024.
Earlier, to the above stock split, the shares of the company ex-traded bonus shares in the ratio 57:10, 10 years ago in the year 2014.
Additionally, the company received a letter of award (LOA) for the execution of engineering, procurement and construction (EPC) work for a solar power plant of 980 MWp /700 MWac on a turnkey basis. The order is worth Rs 990.60 crore and it is received from One of India’s leading Renewable Energy companies. Included for the captioned LOA, the unexecuted order book now stands at 2.141 GW
According to the Quarterly Results, the net sales increased by 338 per cent to Rs 324 crore and the net profit increased by 156 per cent to Rs 64 crore in Q3FY24 compared to Q3FY23. In its nine-month results, the net sales increased by 108 per cent to Rs 603 crore and the net profit increased by 186 per cent to Rs 93 crore in 9MFY24 compared to 9MFY23. According to its annual results, the net sales increased by 117.3 per cent to Rs 351 crore and net profit increased by 522.35 per cent to Rs 55.33 crore in FY23 compared to FY22.
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 14,769 crore and has delivered good profit growth of 261 per cent CAGR over the last 5 years.
The shares of the company have an ROE of 96 per cent and an ROCE of 84 per cent. The stock gave multibagger returns of 1,000 per cent in just 1 year, 17,920 per cent in 3 years and a whopping 50,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ offers a service 'Pop Scalper" with recommendations for scalping profit from index option based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Related articles
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
2:1 bonus share, 2:1 stock split with 4,500 per cent multibagger returns: Board approve USD 50,00,000 fund raising through issue of foreign currency-denominated bonds!
-
1:1 bonus share; 5:1 stock split: Heavy buying in this multibagger micro-cap stock at Rs 168.60; hit back-to-back upper circuits & 52-week highs!
-
Double treat with 7:1 bonus share & 10:1 stock split: Heavy buying in this multibagger NBFC stock; hit non-stop 34 consecutive upper circuits – know the record date inside
-
8,000 per cent multibagger returns; Board announces 6:11 bonus shares and 10:1 stock split – PAT zooms 1,294 per cent
-
Bonus shares & stock split: Heavy buying in this multibagger micro-cap stock, hitting 10 consecutive upper circuits and 52-week highs!
-
2,180 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
FII bought 75,000 shares of this multibagger stock; Board is likely to announce bonus shares & stock split and company bags new orders worth Rs 16.23 crore from CMSS!
-
10,400 per cent multibagger returns: Board likely to announce bonus shares & stock split; Mukul Agrawal and Madhusudhan Kela collectively bought 50,000 shares!
-
Back-to-back upper circuits in this multibagger penny stock below 3; Board allocates 98,00,02,000 fully paid-up bonus equity shares!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 80; Board announces bonus shares and stock split!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
795 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
2,750 per cent returns in this multibagger micro-cap stock; Board likely to announce stock split after 24:100 bonus shares!
-
Multibagger penny stock under Rs 80; Board likely to announce bonus shares & stock split!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
Multibagger from its 52-week low; Board announces bonus shares & stock split for the first time ever!
-
Multibagger penny stock below Rs 50 with 140 per cent returns; Board announces stock split of equity shares!