Shares of Waaree Energies fell as much as 1.8% to Rs 3,670.05 on BSE on Friday, as investors booked profits following a sharp three-day rally that had lifted the stock 17.65%. Despite the pullback, the Mumbai-based renewable energy company’s shares are up nearly 30% over the past three months and have more than doubled over … Read more
Shares of Waaree Energies gained 8.4% in the last two trading sessions after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a major American developer of utility-scale solar and energy storage projects. The deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas … Read more
Ace investor Madhusudan Kela added three new smallcap stocks in his portfolio in the quarter ended March 31, 2025 viz. Windsor Machines, SG Finserve and Prataap Snacks while raising stakes in Kopran. Kela, who has a portfolio worth over Rs 3,500 crore according to data available on Trendlyne, holds 17 stocks as per the latest … Read more
Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025. In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from … Read more
The fourth quarter earnings season is picking up momentum and on Tuesday as many as 16 companies will announce their quarterly numbers. Key earnings to watch out include from Waaree Energies, Tata Communications and HCL Tech. Apart from the above, Cyient DLM, Havells India, Delta Corp, JMU Fintech, Mahindra Financial, Hathway Cable and Datacom, Choice … Read more
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
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
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 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
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