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Waaree Energies’ market cap crossed ₹1 lakh crore after an 8% surge to a 52-week high, supported by strong buying and rising volumes. The stock has delivered 147% returns, outperforming broader market and industry indices.
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Other key items on the agenda included simplifying compliance for foreign portfolio investors (FPIs), relaxing the regulation for accredited investors in certain alternative investment funds (AIFs), expanding the scope of rating agencies’ activities, and granting equity status to REITs and InvITs, they added.
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CHINA-STOCKS/CLOSE (UPDATE 1)China shares close near 3-year high on AI optimism
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Waaree Energies’ market capitalisation surpassed Rs 1 lakh crore as its stock price soared 8% to a 52-week high on Thursday, driven by robust buying activity. The company’s shares have delivered impressive returns, outperforming major indices and industry averages. This surge follows a strong Q1 performance, with an 89% increase in consolidated net profit and a 30% rise in revenue from operations.
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Speaking to ET Now, Matt Orton said the numbers highlight a shift in risks. “I think the inflation data to come in is showing that perhaps the balance of risks is shifting a little bit more towards unemployment than on the inflationary front.
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