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Rs 16 to Rs 1,312: This solar stock turned into a multibagger in three years; down 13% from record high

Shares of multibagger Waaree Renewable Technologies Ltd have rallied over 7973% in the last three years. The solar panel maker stock, which closed at Rs 16.26 on August 17, 2020 rose to a high of Rs 1312.70 on August 17, 2023 on BSE. An amount of Rs 1 lakh invested in the Waaree Renewable stock three years ago would have turned into Rs 80.73 crore today. In comparison, Sensex has risen 71.22 per cent during the period. Waaree Renewable stock opened higher at Rs 1319.70 in the previous session. It rose 1.88% intraday to Rs 1324.70 on BSE. The stock hit a 52 week low of Rs 354.50 on August 17, 2022 and a record high of Rs 1509.45 on July 28, 2023.

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