Madhuri Madhusudan Kela exits renewable energy stock Waaree Energie after 112% rally since listing
ADVERTISEMENT Kela, who held 33,41,700 shares, representing a 1.16% equity stake in the company at the time of its listing in October 2024, is no longer listed among the public shareholders in the June 2025 quarter.
The absence of her name suggests either a complete exit from the stock or a reduction of her holding to below 1%, a threshold under which public disclosure is not mandatory as per SEBI regulations.
The development comes amid a strong rally in Waaree Energies' stock in recent months. The stock has delivered significant gains over multiple time frames: The 6-month return stands at 42.24%, indicating strong investor interest and price momentum
In the year-to-date (YTD) period, the stock has appreciated by 11.40%
In just the last 1 month, the stock surged 8.34%
Over a 3-month period, it has gained 19.07%
Short-term performance has also been encouraging, with the stock gaining 2.09% over 1 week and 2.40% over 2 weeks.
While the exact reason behind Kela's exit remains unknown, her withdrawal coincides with a period of notable stock performance, suggesting that her initial investment has likely yielded meaningful returns since the company's listing.The shares of Waaree Energies have given significant returns to its IPO investors, rallying sharply by 112.6% from its IPO price of Rs 1,503.
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Also read: Vijay Kedia exits Tata stock after making multibagger returns in 5 years
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