A good recovery was seen in the stock market today. On Tuesday, the Sensex closed with a good gain of 694 and Nifty 217 points. Amid the long-running heavy decline in the Indian market, investors heaved a sigh of relief today. However, in the meantime, there was also a company whose stock was not affected by the decline and it is witnessing a huge increase continuously. You will be surprised to know that the share price of this company has risen by 128.67 percent in just 8 days. Yes, we are talking about the shares of Wari Energies.
Shares were received for Rs 1503 under the IPO
Under the IPO of Waaree Energies, which opened on 21 October and closed on 23 October, shares were allotted to investors at a price of just Rs 1503. On 28 October, the company’s shares were listed for Rs 2500 with a huge premium of 66.3 percent. The rise in the company’s shares on the day of listing continued even today, 8 days later. On Tuesday, Waaree Energies shares closed at Rs 3437.00 with a rapid rise of 14.93 percent (Rs 446.40).
10 lakh rupees turned into 25.73 lakh rupees
That is, the value of shares of investors who received shares under the IPO of Wari Energies has increased by 128.67 percent. In this way, if an investor had invested Rs 10 lakh in its IPO, then today his Rs 10 lakh would have become Rs 25.73 lakh. Let us tell you that today, on Tuesday, during trading, the price of the company’s shares reached Rs 3568.80, which has also become its new 52-week high. The 52-week low of the company’s shares is Rs 2300, which went down due to profit booking on the day of listing.