Reported about 1 month ago
Waaree Energies Ltd., India's largest solar panel manufacturer, saw its shares surge almost 56% in its trading debut following a successful $514 million IPO. The stock debuted at 1,503 rupees and peaked at 2,624.40 rupees, signaling a hopeful resurgence for the Indian IPO market after a previous setback. Investors are showing strong interest in the renewable energy sector, with Waaree's robust performance aligning with government goals to significantly increase renewable energy production.
Source: YAHOO