Investing ₹1 Lakh Grows to ₹80 Lakh in Just Three Years
In a world where everyone is looking for smart investments, Waree Renewable Technology stands out for its stellar performance. Over the past three years, the company has given an incredible bumper return that transformed an investment of ₹1 lakh to approximately ₹80 lakh.
Solar Engineering: The Core Business
Waree Renewable Technology is a dominant player in the field of solar engineering and construction (EPC). The company is heavily involved in the execution of solar projects. It recently secured a significant order to establish a 52.6 MPW solar plant, which has further accelerated its stock’s performance.
Record-breaking Momentum in Shares
The share market has numerous examples of stocks that have proven to be lucrative for their investors, but Waree Renewable Technology holds a distinctive place. The stock’s value reached a 52-week high level of ₹1280 on Wednesday. Although it closed at ₹1238.80, reflecting a 0.38% increase, the company has consistently been fruitful for its shareholders.
A Consistent Multibagger
It’s not just about the three years; if one looks at the five-year performance, the stock has recorded a staggering 6,109.52% increase. From an average share price of ₹15.40 in September 2020 to ₹1238.80 now, Waree Renewable Stock has seen a meteoric rise. If an investor had put ₹1 lakh in this stock in September 2020 and held on to it, their investment would have grown to nearly ₹80 lakh today.
Waree Renewable Technology is indeed an investment haven. Their recent contract, combined with their long-term stellar performance, has only solidified their position in the market. If the past is any indication, the future of this stock seems to be soaring high.
|Latest Share Price||₹1238.80|
|Field of Business||Solar Engineering and Construction (EPC)|
|Recent Contract||52.6 MPW Solar Plant|
|Initial Investment Growth||₹1 lakh to ₹80 lakh|