Waaree Energies soars over 11% on FTSE index rejig; stock nears ₹3,000-mark

Waaree Energies Stock Jumps 11% After Board Approves Project Relocation

The shares of Waaree Energies Ltd surged 11% on Friday, closing above ₹3,000 after opening at ₹2,672. The sharp rise came after the company announced a significant restructuring of its flagship solar manufacturing project during a board meeting held earlier in the day. Investors reacted positively to the news, viewing the changes as a proactive move to maintain project momentum and ensure timely execution. Board Approves Change in Project Locati…

Waaree Energies soars over 11% on FTSE index rejig; stock nears ₹3,000-mark

Source: Live Mint Shares of Waaree Energies surged over 11 percent on Friday, June 20, after reports confirmed the stock’s likely inclusion in the upcoming FTSE global index rejig. The counter jumped to an intraday high of ₹2,975, as investors rushed to price in passive inflows ahead of the revision’s implementation. FTSE Index Inclusion to Bring $49 Million Inflows London-based Financial Times Stock Exchange (FTSE) is set to announce its late…