India is currently in the energy transition phase and hence the business of all the companies in the country from renewable energy to battery making etc. is increasing. In such a situation, an energy company Waaree Energies has hit the market with its IPO and now its shares will be listed on 28th October. Has to happen. But do you know that the stock of another subsidiary of Vaari Group has given returns of up to 66,000 percent to its investors.
Wari Renewable Technologies, a small cap company of Wari Group, has been listed on the BSE SME platform. The shares of this company have increased investors’ money by 66,000 percent in the last 5 years. Even in the recent market downturn, the return of this stock is 59,000 percent. Whereas in the period of one year, the return of the company’s stock has been 500 percent.
Vari Energies’ GMP
Although the share listing of Waaree Energies is to happen on October 28, but even before the share listing, there is a buzz in the gray market regarding the company’s shares. The GMP (grey market premium) of Waari Energies’ shares has reached Rs 1,430 on October 25 and its probable listing price remains Rs 2,933. This is at a 95 percent premium to its IPO price of Rs 1,503.
But before this, the GMP of the company’s shares has increased by 105.79 percent. Its probable listing price (Waaree Energies Share Listing Price) has reached Rs 3,093.
The power of Vari Energies will be visible
There is a bullish atmosphere regarding the shares of Vari Energies because the company is betting on its future needs. This company will work on solar EPC sector. It currently has a capacity of 13 gigawatts of solar power generation. The company also has a full order book for the future. Therefore, looking at the fundamentals of the company, investors are planning to bet on its shares.
