Waaree Renewable Technologies shares in focus as order value rises to Rs 1,480 crore
Shares of
Waaree Renewable Technologies
will be in focus on Monday, June 23, after the company announced a revision in the scope of work under an existing
EPC contract
, increasing the order value by Rs 246.92 crore to a total of Rs 1,480.40 crore.
'We are pleased to inform you that WAAREERTL has received a revised scope of work under the existing contract for the execution of Engineering, Procurement, and Construction (EPC) works for a ground-mounted
solar PV project
of 2012.47 MWp capacity,' the company said in an exchange filing.
In its regulatory filing, the company confirmed that the revised scope pertains to the execution of EPC works for the ground-mounted solar PV project with a capacity of 2012.47 MWp.
The contract continues to fall under a commercial order awarded by a domestic entity engaged in the development and implementation of
renewable energy
projects.
Waaree Renewable Technologies share price history
Over the past year, shares of
Waaree Renewable Technologies
have declined by 51.22%. On a year-to-date (YTD) basis, the stock is down 30.15%, and it has lost 28.24% over the past six months. However, the stock has gained 16.70% in the last three months, though it remains subject to a commercial order issued by a domestic entity, and has dipped 3.60% over the past month.
On Friday,
Waaree Renewable
Technologies shares closed 4.4% higher at Rs 984.80 on the BSE.
Waaree Renewable Technologies technical performance
The stock is currently trading well above all its key exponential moving averages and is oscillating near the 59 level on the Relative Strength Index (RSI), indicating moderately strong momentum.
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