Penny Stock: This Share’s Price Surged 17% in One Day, Reached ₹173
Penny Stock: This Share’s Price Surged 17% in One Day, Reached ₹173
Penny Stock: A sudden massive surge was seen in the share price of Indo Solar Limited, a company supported by Waaree Energies. On 19 June 2025, this share’s price started at ₹165, while the previous day, the share closed at ₹9.71. Investors are stunned to see a jump of nearly 1700% in a single day. For your information, let us tell you that the company’s total market cap is ₹721 crore. This company is supported by Waaree Energies.
On Wednesday, it was a penny stock, but on 19 June 2025, its price was observed at ₹165 on most stock exchanges. Let us find out what the real reason behind this is.
Why a 1700% Price Surge in One Day
For the information of all of you, let us tell you that this share was suspended due to procedural reasons. Its last trading happened almost three years ago in June 2022. On 24 June 2022, the share price of this stock fell by 4.75% and closed at ₹3.21, which was its lowest level. Now, this Indo Solar company has been acquired by Waaree Energies. After the acquisition, last year, this company generated a profit of ₹55 crore, while in the financial year 2025, it incurred a loss of ₹15 crore.
Information Released by the Company
The company has released information stating that we would like to inform you that Indo Solar Limited received approval for listing and trading on the National Stock Exchange and Bombay Stock Exchange on 17 June 2025. From 19 June 2025, this share will be available for trading. Indo Solar Limited is now promoted by Waaree Energies, which holds a 96% stake in the company. This is why such a massive surge in the share price was observed.
