In this article we are going to talk about Waaree Renewables Share Price Target 2023 to 2050. In this article, we will discuss in detail the company’s fundamental, price history as well as company’s strengths, risks and important news. So that you can easily take the decision to invest in this stock.
What is Waaree Renewables
Waaree Renewables Technologies Ltd (WRTL), a subsidiary of Waaree group, is currently engaged in the business of Solar EPC. It is a leader in the field of renewable energy. Waaree group is currently working rapidly on its solar projects, till now about 10100 solar projects have been successfully installed through which 600+ MW capacity is being operated.The company engages in solar development as well as financing, construction, ownership and operation of solar projects. It provides clean energy to its customers using on-side solar projects and off-side solar farms.
Waaree Renewables The company was established in 1999 and headquartered in Mumbai, it focuses on long-term investments within the commercial and industrial customer segments.
Waaree Renewables Fundamental
Waaree Renewable Technologies Limited is a well-known name in the renewable energy sector with a market cap of ₹24,860 crore. It has taken a huge leap in the last financial year with a sales growth of 255%. Its shares have grown by 1123% in the last one year.
The company has been showing continuous growth for the last five years. The company has earned a profit of Rs 148 crore in this financial year. Which is 155% more than last year.
It features a high ROE of 57.42%, significant profits and sales growth, but its valuation P/E and P/B ratios are high at 167.87 and 220.42 respectively, indicating potential market volatility.
| | |
|---|---|
| Company Name | Waaree Renewable Technologies Ltd. |
| Sector | Renewables Energy |
| Established | 1999 |
| Website | waareertl.com |
| Listing At | NSE, BSE |
| Mkt Cap | 24,860 Cr |
| ROE | 57.42% |
| ROCE | 76.19% |
| 52 Week High | 3,037.75 |
| 52 Week Low | 193.00 |
| P/E Ratio (TTM) | 167.87 |
| P/B Ratio | 220.42 |
| Face Value | 2 |
| Book Value Per Share | 24.90 |
| EPS (TTM) | 14.22 |
| Dividend Yield | 0.04% |
| Net Sales | 875.19 |
| Sales Growth | 152.27% |
| Net Profit (Anual) | 148.94 Cr |
| Profit Growth | 150.69% |
Waaree Renewables Listing date
Waaree Renewables company is listed only on Bombay Stock Exchange (BSE). The company was listed at Rs 2.82 on August 9, 2012, but today on June 5, 2024, the company’s share price has increased to Rs 2267.
Waaree Renewables Share Price History
The company, established in 1999, was listed on India’s BSE market on 9 August 2012. At the time of listing the share price of the company was Rs 2.82 and today (05/06/2024) the share price of the company has increased to Rs 2267.70. In these 12 years, the company’s shares have grown by approximately 80314.89%.
At the beginning of the year, its share price was Rs 438.83, which today has become Rs 2267.70 with a growth of 416.76%. Its shares have grown by 994.67% in the last 1 year. However, its shares have been declining since last one month. Let us see what the price prediction of Waaree Renewables is going to be in the next decades.
Waaree Renewables Share Price Growth Chart
Looking at the share growth chart of Waaree Renewables, it shows that from the time of listing till 2022, the company’s share remained almost constant, but after 2022, there has been a lot of growth in the company’s share. The lowest price of the last 52 weeks has been ₹192.80 and the highest price has been ₹3037.75.
Waaree Renewables Profit/Loss – Last 5 Years Report
Waaree Renewables Income Report
| INCOME | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| Revenue From Operations [Gross] | 867.36 | 341.58 | 153.50 | 7.60 | 1.98 |
| Revenue From Operations [Net] | 867.36 | 341.58 | 153.50 | 7.60 | 1.98 |
| Other Operating Revenues | 0.00 | 0.15 | 0.06 | 0.00 | 0.00 |
| Total Operating Revenues | 867.36 | 341.73 | 153.56 | 7.60 | 1.98 |
| Other Income | 7.83 | 5.18 | 14.35 | 3.69 | 3.11 |
| Total Revenue | 875.19 | 346.92 | 167.91 | 11.30 | 5.08 |
Also Read: Strong growth, Jio Finance shares will make you a millionaire.
Waaree Renewables Expenses
| Expenses | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| Purchase Of Stock-In Trade | 0.00 | 0.00 | 5.54 | 0.00 | 0.00 |
| Operating And Direct Expenses | 0.00 | 252.96 | 127.81 | 4.26 | 0.00 |
| Changes In Inventories Of FG, WIP And Stock-In Trade | 0.00 | 0.00 | 0.00 | -0.46 | 0.00 |
| Employee Benefit Expenses | 17.30 | 9.78 | 5.60 | 0.66 | 1.03 |
| Finance Costs | 3.86 | 1.18 | 1.47 | 3.62 | 3.38 |
| Depreciation And Amortisation Expenses | 2.58 | 0.18 | 0.16 | 0.16 | 0.16 |
| Other Expenses | 651.16 | 3.01 | 1.38 | 0.39 | 0.90 |
| Total Expenses | 674.90 | 267.11 | 141.96 | 8.63 | 5.48 |
Waaree Renewables Profit/Loss
For the financial year 2023-24, the company had generated a revenue of Rs 675.19 crore on which the company had earned a profit of Rs 148.94 crore. In 2020, the company had suffered a loss of Rs 0.19 crore but since then the company’s profit has been increasing year after year.
| Profit/Loss | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax | 200.29 | 79.81 | 25.95 | 2.66 | -0.40 |
| Profit/Loss Before Tax | 200.29 | 79.81 | 25.95 | 2.66 | -0.40 |
| Profit/Loss After Tax And Before ExtraOrdinary Items | 148.94 | 59.41 | 20.40 | 2.34 | -0.19 |
| Profit/Loss From Continuing Operations | 148.94 | 59.41 | 20.40 | 2.34 | -0.19 |
| Profit/Loss For The Period | 148.94 | 59.41 | 20.40 | 2.34 | -0.19 |
Waaree Renewables Other Additional Information
| EARNINGS PER SHARE | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| Basic EPS (Rs.) | 14.30 | 28.54 | 9.80 | 1.13 | -0.09 |
| Diluted EPS (Rs.) | 14.29 | 28.44 | 9.80 | 1.13 | -0.09 |
| DIVIDEND AND DIVIDEND PERCENTAGE | |||||
| Equity Share Dividend | 0.00 | 1.04 | 1.04 | 0.00 | 0.00 |
| Equity Dividend Rate (%) | 50.00 | 10.00 | 10.00 | 0.00 | 0.00 |
Waaree Renewables Balance Sheet – Last 5 Years Report:
Equities And Liabilities
| SHAREHOLDER’S FUNDS | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| Equity Share Capital | 20.83 | 20.81 | 20.81 | 20.81 | 20.81 |
| Total Share Capital | 20.83 | 20.81 | 20.81 | 20.81 | 20.81 |
| Reserves and Surplus | 238.53 | 90.62 | 31.40 | 11.97 | 9.61 |
| Total Reserves and Surplus | 238.53 | 90.62 | 31.40 | 11.97 | 9.61 |
| Total Shareholders Funds | 259.36 | 111.43 | 52.21 | 32.79 | 30.43 |
| NON-CURRENT LIABILITIES | |||||
| Long Term Borrowings | 0.00 | 0.00 | 0.09 | 45.28 | 36.67 |
| Deferred Tax Liabilities [Net] | 8.16 | 0.60 | 0.65 | 0.72 | 0.68 |
| Long Term Provisions | 0.62 | 0.31 | 0.22 | 0.17 | 0.05 |
| Total Non-Current Liabilities | 8.78 | 0.91 | 0.96 | 46.18 | 37.40 |
| CURRENT LIABILITIES | |||||
| Short Term Borrowings | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade Payables | 297.51 | 76.81 | 57.91 | 2.74 | 0.01 |
| Other Current Liabilities | 119.92 | 65.19 | 20.94 | 1.55 | 0.50 |
| Short Term Provisions | 0.45 | 0.10 | 0.04 | 0.69 | 0.04 |
| Total Current Liabilities | 427.89 | 142.10 | 78.89 | 4.97 | 0.56 |
| Total Capital And Liabilities | 696.02 | 254.45 | 132.06 | 83.94 | 68.38 |
Assets
| NON-CURRENT ASSETS | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| Tangible Assets | 96.56 | 9.27 | 3.15 | 3.23 | 3.39 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Capital Work-In-Progress | 0.00 | 80.05 | 0.00 | 0.00 | 0.00 |
| Fixed Assets | 96.56 | 89.32 | 3.15 | 3.23 | 3.40 |
| Non-Current Investments | 0.22 | 0.22 | 0.22 | 32.10 | 32.10 |
| Long Term Loans And Advances | 0.00 | 0.00 | 0.00 | 43.00 | 31.30 |
| Other Non-Current Assets | 4.02 | 0.06 | 0.01 | 0.50 | 0.43 |
| Total Non-Current Assets | 100.80 | 89.60 | 3.39 | 78.84 | 67.22 |
| CURRENT ASSETS | |||||
| Current Investments | 9.00 | 0.00 | 0.56 | 0.00 | 0.00 |
| Inventories | 29.17 | 36.52 | 1.69 | 0.46 | 0.00 |
| Trade Receivables | 371.65 | 61.28 | 45.11 | 2.36 | 0.02 |
| Cash And Cash Equivalents | 116.82 | 12.74 | 38.57 | 0.53 | 0.28 |
| Short Term Loans And Advances | 45.53 | 38.86 | 38.01 | 0.00 | 0.00 |
| Other Current Assets | 23.04 | 15.44 | 4.74 | 1.75 | 0.86 |
| Total Current Assets | 595.22 | 164.85 | 128.67 | 5.10 | 1.16 |
| Total Assets | 696.02 | 254.45 | 132.06 | 83.94 | 68.38 |
Other Additional Information
| OTHER ADDITIONAL INFORMATION | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
| CONTINGENT LIABILITIES, COMMITMENTS | |||||
| Contingent Liabilities | 0.00 | 19.30 | 3.70 | 0.00 | 0.00 |
| BONUS DETAILS | |||||
| Bonus Equity Share Capital | – | 3.64 | 3.64 | 3.64 | 3.64 |
| NON-CURRENT INVESTMENTS | |||||
| Non-Current Investments Quoted Market Value | – | – | – | – | – |
| Non-Current Investments Unquoted Book Value | – | 0.22 | 0.22 | 32.10 | 32.10 |
Waaree Renewables Quarterly Report
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
| Sales + | 272.94 | 323.95 | 149.50 | 128.80 |
| Expenses + | 201.43 | 236.41 | 224.21 | 112.84 |
| EBITDA | 75.16 | 87.75 | 27.65 | 16.17 |
| EBIT | 74.32 | 86.85 | 26.93 | 16.04 |
| Net Profit | 52.79 | 65.61 | 18.58 | 11.96 |
| Profit Before Tax | 71.51 | 87.54 | 25.28 | 15.96 |
| Operating Profit Margin | 27.78% | 27.23% | 18.74% | 12.72% |
| Net Profit Margin | 19.51% | 20.36% | 12.60% | 9.42% |
| Earning Per Share | 5.06 | 31.38 | 8.89 | 5.72 |
| Depreciation | 1.55 | 1.67 | 1.41 | 0.82 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 |
Also Read: Indian Railway stock grows 500%, millionaire in 1 year.
Waaree Renewables Share Price Target 2023, 2024, 2025, 2026, 2028, 2030, 2040 and 2050
Waaree Renewables Share Price Target 2023
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 100 | 105 |
| February | 102 | 115 |
| March | 120 | 135 |
| April | 155 | 170 |
| May | 165 | 175 |
| June | 175 | 215 |
| July | 230 | 260 |
| August | 250 | 270 |
| September | 242 | 252 |
| October | 252 | 265 |
| November | 277 | 290 |
| December | 290 | 380 |
Waaree Renewables Share Price Target 2024
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 400 | 730 |
| February | 800 | 1080 |
| March | 1100 | 1380 |
| April | 1480 | 2400 |
| May | 2388 | 2424 |
| June | 2410 | 2420 |
| July | 2430 | 2500 |
| August | 2460 | 2480 |
| September | 2475 | 2505 |
| October | 2490 | 2520 |
| November | 2500 | 2515 |
| December | 2510 | 2530 |
Waaree Renewables Share Price Target 2025
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 2520 | 2538 |
| February | 2535 | 2545 |
| March | 2540 | 2557 |
| April | 2550 | 2580 |
| May | 2545 | 2575 |
| June | 2570 | 2596 |
| July | 2590 | 2604 |
| August | 2598 | 2610 |
| September | 2600 | 2624 |
| October | 2604 | 2620 |
| November | 2615 | 2640 |
| December | 2635 | 2670 |
Waaree Renewables Share Price Target 2026
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 2650 | 2675 |
| February | 2640 | 2660 |
| March | 2648 | 2668 |
| April | 2650 | 2670 |
| May | 2665 | 2696 |
| June | 2680 | 2704 |
| July | 2695 | 2720 |
| August | 2706 | 2740 |
| September | 2720 | 2745 |
| October | 2733 | 2755 |
| November | 2745 | 2760 |
| December | 2750 | 2780 |
Waaree Renewables Share Price Target 2028
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 3015 | 3026 |
| February | 3022 | 3042 |
| March | 3025 | 3055 |
| April | 3000 | 3018 |
| May | 3015 | 3060 |
| June | 3050 | 3102 |
| July | 3055 | 3095 |
| August | 3078 | 3122 |
| September | 3100 | 3154 |
| October | 3104 | 3165 |
| November | 3116 | 3155 |
| December | 3150 | 3204 |
Waaree Renewables share prediction: expert opinion
Waaree Renewables Share Price Target 2030
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 3354 | 3388 |
| February | 3380 | 3395 |
| March | 3390 | 3435 |
| April | 3400 | 3445 |
| May | 3380 | 3404 |
| June | 3402 | 3418 |
| July | 3415 | 3480 |
| August | 3450 | 3495 |
| September | 3435 | 3480 |
| October | 3470 | 3552 |
| November | 3502 | 3568 |
| December | 3520 | 3598 |
Waaree Renewables Share Price Target 2040
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 3844 | 3888 |
| February | 3850 | 3898 |
| March | 3820 | 3865 |
| April | 3848 | 3898 |
| May | 3850 | 3926 |
| June | 3878 | 3938 |
| July | 3898 | 3930 |
| August | 3902 | 3955 |
| September | 3900 | 3988 |
| October | 3956 | 4022 |
| November | 3968 | 4030 |
| December | 3988 | 4058 |
Waaree Renewables Share Price Target 2050
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 4425 | 4486 |
| February | 4447 | 4498 |
| March | 4450 | 4482 |
| April | 4480 | 4540 |
| May | 4456 | 4502 |
| June | 4500 | 4555 |
| July | 4550 | 4588 |
| August | 4580 | 4598 |
| September | 4590 | 4640 |
| October | 4604 | 4655 |
| November | 4650 | 4680 |
| December | 4670 | 4708 |
Also Read: HCC shares will make you rich, 100% guarantee.
How to Buy Waaree Renewables
To buy or sell shares of any company listed in the Indian market (NSE and BSE), the investor will have to open a demat account. Demat account should be registered by SEBI so that no fraud of any kind can happen to the investor. Some demat accounts are listed below –
- Zerodha
- Groww
- Angel One
- Upstox
Shareholding Pattern of Waaree Renewables
| Promoter | 74.51% |
| Other Domestic Institutions | 0.01% |
| Retail and Others | 25.33% |
| Foreign Institutions | 0.20% |
| Total | 100.00 |
Latest News
1. Waaree Renewables received a 300 MW solar project contract worth Rs 1401 crore from North Eastern Electric Power Corporation, including engineering, procurement, construction, and three years of maintenance.
2. Waaree Renewable’s stock rose 5% to ₹4,650 after winning a ₹990.60 crore contract for a 980 MWp solar plant, raising its pending projects to 2.141 GW.
3. The BSE and NSE have placed Waaree Renewable Tech under the long-term ASM (Additional Surveillance Measure) framework due to high price volatility. Immediate support for the stock is at Rs 2,000, with major support at Rs 1,640. Ravi Singh from Religare Broking believes the stock remains strong with a near-term target of Rs 2,150 and a stop loss at Rs 2,000. Shiju Koothupalakkal from Prabhudas Lilladher noted the stock’s recent surge and overbought indicators.
4. The quarterly net profit report of Waaree Renewables Company was displayed in March 2024, according to which the net profit of the company is Rs 52.79 crore. This profit is 237.55% more than the company’s profit of Rs 15.64 crore in March 2023.
Strengths
- Strong profit growth: The company’s profit has been growing for the last 3 years. Which reflects the company’s strong financial position and effective cost management.
- High ROE and ROCE: Both return on equity (57.42%) and return on capital employed (76.19%) are quite high, indicating efficient utilization of shareholders’ funds and capital.
- Improvement in Balance Sheet: The reserves and surplus of the company have increased significantly over the years, indicating the financial stability of the company.
- Low debt levels: The long-term borrowings of the company are minimal, thereby reducing financial risk.
- The coming time is going to be for renewable energy, we may see a boom in its shares in future also.
Risks
- BSE and NSE put Waaree Renewable under long-term ASM (Additional Surveillance Measure) due to high volatility.
- High Valuation Ratio: P/E ratio of 167.87 and P/B ratio of 220.42 shows that the stock is highly valued but can create volatility in the market.
- Dividend Yield: The dividend yield of 0.04% is low for investors, making it less attractive.
- FIIs and DIIs share percentage of the company is 0.20% and 0.01% respectively, which may be a matter of concern for investors.
- The decline in FIIs and DIIs could be due to a company’s disappointing performance or lack of confidence in its future growth potential.
- The P/E ratio of the company is quite high which could mean that its stock is overvalued.
Waaree Renewables Points to Consider Before Investing
1. Fundamental and technical analysis: Before investing in any company, it is very important to do fundamental as well as technical analysis of the company.
2. Current Liabilities: A significant increase in current liabilities, especially trade payables and other current liabilities, may indicate potential liquidity risks.
3. Concentration of assets: A large portion of the company’s current assets are in trade receivables, which may pose a risk if collections are delayed or bad debts increase.
4. Sector Volatility: The renewable sector is subject to policy changes, regulatory risks and market volatility which may impact the company’s performance.
5. Before investing, keep in mind that the company’s ASSETS should always be 1.5 to 2 times more than the company’s LIABILITIES.
6. Governments in India as well as around the world are emphasizing on renewable energy.
Competitors of Waaree Renewables
- GMR Airports Infra.
- RITES
- Power Mech Projects
- L&T
- Sterling
- HFCL Ltd
- Techno Electric
Similar Stocks
| Company Name | Mkt cap | Profit (1Year) | 52W L | 52W H |
|---|---|---|---|---|
| L&T | ₹453,350 Cr | 49.07% | ₹2,240.00 | ₹3,919.90 |
| GMR Airports Infra. | ₹45,782Cr | 125.52% | ₹41.10 | ₹94.35 |
| RITES | ₹14,240Cr | 79.94% | ₹364.80 | ₹825.95 |
| Sterling | ₹15,513Cr | 142.47% | ₹253.00 | ₹828.00 |
| Techno Electric | ₹13,106Cr | 295.74% | ₹345.80 | ₹1,535.00 |
Profitable Stocks
| Company Name | Mkt cap | Profit (1Year) | 52W L | 52W H |
|---|---|---|---|---|
| REC Ltd. | ₹115,848Cr | 193.15% | ₹142.90 | ₹607.80 |
| Trent Ltd. | ₹172,572Cr | 201.68% | ₹1,583.35 | ₹4,906.15 |
| Power Finance Corporation Ltd. | ₹140,188Cr | 172.14% | ₹152.36 | ₹559.00 |
| Hindustan Copper Ltd. | ₹29,977Cr | 165.46% | ₹112.25 | ₹415.80 |
| Emami Ltd. | ₹30,336Cr | 76.04% | ₹371.00 | ₹745.00 |
Conclusion
Over the years, Waaree Renewable Technologies Limited has demonstrated strong financial position with consistent growth in revenues and profits. High ROE and ROCE indicate that the company is giving high returns on its capital. However, the high P/E ratio and rising current liabilities also present potential risks. The rapid growth in the renewable energy sector ensures growth for the company, but also brings with it inherent risks associated with sector volatility and regulatory changes. Overall, Waaree Renewable Technologies Ltd. stock stands out with promising growth prospects.
Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.
Q1. Is Waaree Renewables stock overvalued?
Ans: Waaree Renewable Technologies Ltd. appears overvalued due to its extremely high P/E ratio of 167.87 and P/B ratio of 220.42 despite strong financial performance.
Q2. What is the dividend of Waaree Renewables Technologies?
Ans: Waaree Renewable Technologies Ltd. has a dividend yield of 0.04%, with an equity dividend rate of 50% for the most recent period, but no dividend was declared for the year ending March 2024.
Q3. What is the old name of Waaree renewables?
Ans: The first name of Waaree Renewable was Sangam Advisors Private Limited which was established on June 22, 1999.
Q4. Which renewable share is best?
Ans: These 7 best stocks in the field of Renewable Energy are Tata Power Company Limited, Adani Green Energy Limited, ReNew Power Private Limited, Suzlon Energy Limited, Inox, Wind Limited, Borosil Renewables Limited and Greenko Energy Holdings.
Q5. What is the net profit of Waaree Renewables?
Ans: Waaree Renewables’ net profit for FY24 is Rs 148.94 crore.
Q6: What is the target price of Waaree Renewables in 2024?
Ans: Waaree Renewables’ maximum share target for 2024 is Rs.2530.
Q7: What is the target price of Waaree Renewables in 2025?
Ans: Waaree Renewables share price target for 2025 is going to be between Rs.2520 to Rs.2670.
Q8: What is the target price of Waaree Renewables in 2026?
Ans: Waaree Renewables share price target for 2026 is going to be between Rs.2650 to Rs.2780.
Q9: What is the target price of Waaree Renewables in 2030?
Ans: Waaree Renewables share price target for 2030 is going to be between Rs.3354 to Rs.3598.
Q10: What is the target price of Waaree Renewables in 2040?
Ans: Waaree Renewables share price target for 2040 is going to be between Rs.3844 to Rs.4058.
Q11: What is the target price of Waaree Renewables in 2050?
Ans: Waaree Renewables share price target for 2050 is going to be between Rs.4425 to Rs.4708.