Waaree Energies shares fall 10% post listing: Should you buy, sell or hold?

Quick Summary:

The stock opened at Rs 2,550 on the BSE, reflecting a 69.66 per cent premium over its IPO allotment price of Rs 1,503, while on the NSE, it debuted at Rs 2,500, showing a 66.

The IPO of Waaree Energies included a fresh issue of 23,952,095 shares and an offer for sale of 4,800,000 shares, each with a face value of Rs 10.

Post-listing, independent analyst Ambareesh Baliga advised against buying Waaree Energies shares, citing high valuations.

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Category: BusinessFinance

Markets: India

Topics: Waaree energies share price Waaree energy share price today Waaree Energies stock Price today Waaree energies ipo Ipo news Ipo listing today Waaree energies ipo listing Waaree energies ipo listing price Ipo Ipo gmp today Waaree energies ipo listing gain Waaree Energies stock Price

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Article Type: News Report

Published On: 2024-10-28 @ 10:33:23 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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