India's Waaree Renewable gains after getting contract from CESC unit

Waaree Renewable Technologies

03/06/2025 05:51

** Shares of Waaree Renewable Technologies WAAE.NS gains 3.5% to 1,060 rupees

** Stock set for its biggest one-day pct gain since May 12

** Renewable energy co wins contract from CESC Ltd's CESC.NS unit to develop solar power project for 3.46 billion rupees ($40.5 million)

** WAAE trades above 50-, 100-, 200- day moving avgs, after breaching 50-DMA, indicating a bullish sentiment

** Stock up 17.4% since its debut in April

($1 = 85.4900 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))