8,000 per cent returns: Multibagger power generation company receives orders to set up solar power projects of 78 MWp!
The stock gave multibagger returns of 265 per cent in just 1 year, 700 per cent in 2 years and over 8,000 per cent returns in 3 years.
Waaree Renewable Technologies Ltd (WRTL) informed that the company have received work orders for a total of 78 MWp. Here are the details:
The company informed that it has received a Letter of Intent (LoI) from one of India's leading power generation companies, for the execution of engineering, procurement and construction (EPC) works of a ground-mounted solar power project of 78 MWp capacity. The order is received from One of India's leading power generation companies and the project is expected to be completed in the Q1 of FY24-FY25, as per the terms of the order.
Previously, the company received work orders for a total of 887 KWp. Both the work orders are 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 and 287 KWp.
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 2,675 crore and has delivered good profit growth of 122 per cent CAGR over the last 5 years.
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On Monday, shares of Waaree Renewable Technologies plunged 1.64 per cent to Rs 1,285.40 per share with an intraday high of Rs 1,338.95 and an intraday low of Rs 1,279.
The stock gave multibagger returns of 265 per cent in just 1 year, 700 per cent in 2 years and over 8,000 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.