ReNew Energy Global is engaged in activities relating to generation of power through non-conventional and renewable energy sources. We show 1 historical shares outstanding datapoints in our RNW shares outstanding history coverage, used to compute RNW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RNW market cap history over the course of time is important for investors
interested in comparing RNW's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RNW versus a peer is one thing; comparing
RNW market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RNW can fluctuate over the course of history.
With this page we aim to empower investors researching RNW by allowing them to research the RNW market cap history. |
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Video: The Importance of Market Cap
