waaree energies

Madhuri Madhusudan Kela picks stakes worth Rs 965 crore in Waaree Energies and one smallcap NBFC in December quarter

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Madhuri Madhusudan Kela picks stakes worth Rs 965 crore in Waaree Energies and one smallcap NBFC in December quarter

Ace investor Madhuri Madhusudan Kela has added Rs 965 crore worth of new investments to her portfolio, as revealed in the December quarter shareholding patterns of Waaree Energies and small-cap non-banking financial company (NBFC) Indostar Capital Finance. According to the latest shareholding update, Kela acquired 33.41,700 shares in Waaree Energies, securing a 1.16% stake in … Read more

Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage – New Picks

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Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage – New Picks

Kotak Institutional Equities initiated coverage with a ‘Sell’ rating and set a target price of Rs 2,550. Kotak expects Waaree to see a 12% compound annual growth rate (CAGR) for its module capacity, which is expected to reach 40 GW by 2035. Additionally, Kotak projects a 14% volume CAGR for Waaree’s modules until FY2035, driven … Read more

Waaree’s gross margins are much higher than last quarter and even on a H1 basis: CFO

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Waaree’s gross margins are much higher than last quarter and even on a H1 basis: CFO

Sonal Shrivastava, CFO, Waaree Energies, says gross margins have come up much higher than the last quarter and even on the H1 basis. Waaree’s focus is on the margin to manage this current environment. They are watching closely for signs of stabilisation. Shrivastava said their core strategy is to expand the portfolio of offerings to … Read more

Waaree Energies shares surge 80% over issue price post 12% gains today

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Waaree Energies shares surge 80% over issue price post 12% gains today

Waaree Energies‘ shares zoomed 12% in today’s intraday session to a new record high of Rs 2,718, marking the fourth consecutive day of gains with strong trading activity. Following a strong debut at a premium of Rs 1,047 or 70%, the stock has surged over 80% from its issue price of Rs 1,503 per share. … Read more

We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree

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We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree

Hitesh Doshi, Chairman & MD, Waaree Energies, says ALMM is one of the non-tariff barriers which is helping to promote Make in India. Just by bringing ALMM in for a short span, Indian module manufacturing capacity has increased and our exports have also increased. Doshi believes that this will not be restricted only to the … Read more

Waaree Energies GMP suggests robust listing, but long term rewards are equally promising

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Waaree Energies GMP suggests robust listing, but long term rewards are equally promising

Even as the share allotment is finalised, the Street is eagerly awaiting the debut of Waaree Energies next week, given the shares are commanding a hefty premium in the grey market. Waaree Energies shares are trading with a GMP of Rs 1350 in the grey market and considering the upper price band, the stock is … Read more

How Waaree Energies is ready to be a composite energy solution company in next 3 years

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How Waaree Energies is ready to be a composite energy solution company in next 3 years

Hitesh Doshi, CMD, and Sonal Shrivastava, CFO, Waaree Energies, in conversation with ET Now. Waree has been changing itself as the world keeps changing. They started with exporting solar panels to Europe. At that time, the Indian market was opening up and the Gujarat solar mission started. Suddenly there was demand for large installations in … Read more