Waaree Renewable Technologies Sees Surge in Trading Volume and Investor Participation

Waaree Renewable Technologies Ltd, a mid-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 1,805,609 shares and a total traded value of approximately Rs 21.88 crores. The stock opened at Rs 1,202.0 and reached an intraday high of Rs 1,240.0, reflecting a gain of 4.7% during the trading session. The last traded price (LTP) stands at Rs 1,215.5, indicating a 2.89% return for the day, outperforming its sector, which recorded a 0.3% increase.
Notably, Waaree Renewable Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its performance. The stock has also seen a significant rise in investor participation, with a delivery volume of 155,500 shares on July 17, marking a 77.43% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 12,702.44 crores, Waaree Renewable Technologies continues to demonstrate robust liquidity, suitable for trades up to Rs 17.63 crores based on 2% of the 5-day average traded value. Overall, the stock's performance today reflects a positive trend in the market.