The Phenomenon of ReNew Energy Global Shares Skyrocketing
**ReNew Energy Global Plc RNW** experienced a surge in shares during Monday’s trading session as a result of impressive quarterly sales. The company’s quarterly sales totaled an astounding $345.00 million, flying past market estimates which were pegged at $258.41 million. Notably, the company also raised its Full Year 2024 adjusted EBITDA guidance to INR 62 billion – INR 66 billion. Responding to this remarkable performance, shares of ReNew Energy Global surged by 13.6% to $6.74 on Monday.
### Heavenly Gainers
**Bruush Oral Care Inc. BRSH** observed a momentous 147.2% increase as its shares reached $0.4179 after receiving notification from Nasdaq regarding minimum bid requirements. It was a day of triumph for **Cuentas Inc. CUEN** whose shares enjoyed a 59% leap to $1.5098 after the company reported a narrower quarterly loss. In line with this, **Altamira Therapeutics Ltd. CYTO** skyrocketed 52% to $0.4280 after entering into a binding agreement for the sale of a 51% stake in its subsidiary Altamira Medica AG.
### Sinking Losers
However, not all companies bathed in the glory of success. **NanoString Technologies, Inc. NSTG** saw its shares plummet by a staggering 46% to $0.69 following a downgrade from TD Cowen and a subsequent slashing of the price target. Similarly, **PaxMedica, Inc. PXMD** nosedived by 40.6% to $1.04 after announcing a public offering of shares at a significantly low price.
There is no doubt that the Indian market for Renewable Energy is unforgiving, and the exponential rise in shares of ReNew Energy Global can be attributed to its outstanding performance in terms of sales. With such a drastic upheaval in the market, the Monday trading session has proven to be a rollercoaster ride for various companies.
