The shares of Wari Energy Limited saw a tremendous rise on Monday. In early trade, the company’s stock rose 4.11% to ₹ 3,048, while last Friday it closed at ₹ 2,947.
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540 MW new order from America
The main reason behind this fast is believed to be the latest order received from America. The company’s American auxiliary unit has received a major order for supply of 540 MW solar modules. Even before this, Wari has received 586 MW and 599 MW orders from the US, which shows the speed of its global expansion.
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US market is increasing rapidly dominance
Wari Energy is making a strong presence not only in India, but also in the solar energy market of America. The company plans to increase the production capacity of its bookshire plant in Texas to 3.2 GW by the end of 2025, on which work has started. With this detail, the company’s grip in America will be stronger.
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Technical indicators are also showing strength
From a technical point of view, the stock of Wari Energy is in a strong position. It is trading above all its simple moving averages ranging from 5 days to 150 days.
- RSI (Relative Strength Index) is currently at 56.4, which is neither overbott nor oversold.
- The MACD (Moving Average Conversion Division) is at 42.3 and is above the signal line and center line, indicating a boom.
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Investors got great returns (Wari Energy Limited)
- Return of about 22% has been given in the last three months.
- About 5% has been recorded in six months.
- Although a slight decline of 2% has been seen in the last one month, the news of the new order has again made the market mood positive.
The plan to increase the order and production capacity of Wari Energy in the US is taking the company’s shares to new heights. In view of technical indicators and global demand, investors can keep an eye on this solar stock in the coming time.
