Waaree Energies shares will remain in the spotlight tomorrow after the company informed post market hours about receiving two orders in just one day. The scrip surged over 2% in trade today on Bombay Stock Exchange to settle at Rs 2220.50 per share. The company’s market cap stood at Rs 63,791.23 crore. Its return on equity is 17.14%. The stock witnessed steep fall of 22.38% year-to-date. Check more details below:
Waaree Energies Bags 2 Orders, Shares To Be In Focus Tomorrow
As per the exchange filing of the company dated Feb 19, 2025, “with reference to the intimation submitted on February 19, 2025 regarding the receipt of an order, along with Annexure A, we would like to clarify that the order for supply of solar modules for 362.5 MWp is awarded by Khaba Renewable Energy Pvt Ltd, a subsidiary of Engie India.”
The company bagged yet another order on the same day. As per the BSE filing, “this is to inform you that the Company has today received an order for supply of solar modules for 362.5 MWp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.”
Waaree Energies Shares Performance
The 52-week high price of Waaree Energies stock on BSE is Rs 3740.75 per share (as on 06/11/2024) and 52-week low price is Rs 2030.00 per share (as on 27/01/2025), respectively. Waaree Energies shares jumped 1.36% in last 1-week, slipped over 6% in past 2-weeks time, and fell yet again by 23.42% in last 3-months when Sensex declined 2.11% .
Waaree Energies Q3 Results
The company for the quarter ended December 31, 2024 announced a surge of 296% year-on-year (YoY) in its consolidated net profit to Rs 493 crore as against the net profit of Rs 124 crore announced in the year ago period. Its Q3FY25 revenue from operations zoomed to Rs 3,457 crore, up 117% as against Rs 1,596 crore reported in the corresponding quarter of last year. Its total expense surged 88% to Rs 2855 crore for the December 2024 quarter as against Rs 1517 crore reported in the similar quarter of last year. The jump in cost of raw materials and investors cost sparked the rally in total expenses for the quarter under review.
Why Waaree Energies Shares Are Falling?
The stock witnessed correction of 14.74% in last 1-month amid worries over the policy direction under new US regime under President Donald Trump. Shares of Waaree Energies witnessed steep fall and remained under pressures amid apprehensions of soaring tariffs on solar imports. Investors are also apprehensive about a likely rollback of pro-renewables legislation in the US, leading market for solar exporters in India, that may reportedly impact the sentiment of solar stocks back home.
Waree Energies Dividend History
The company has never recommended any dividend so far.
Waree Energies Bonus Share History
It has also yet to recommend any bonus issue. FII stake in Waree stood at 1.4% for December 2024 quarter, down from 2.2% in October 2024 quarter.
Disclaimer: The story highlights order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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