20 Feb 2025

Waaree Energies Stock Rises 2.41% Amid New Solar Module Order

Waaree Energies is currently trading at RS 2274.00, up by 53.50 points or 2.41% from its previous closing of RS 2220.50 on the BSE.

The stock opened at RS 2237.95 and touched a high of RS 2286.00 and a low of RS 2220.30. A total of 46,971 shares have been traded so far.

The BSE group 'B' stock, with a face value of RS 10, recorded a 52-week high of RS 3740.75 on November 6, 2024, and a 52-week low of RS 2030.00 on January 27, 2025. Over the past week, it has traded between RS 2286.00 and RS 2053.70. The company's current market capitalization stands at RS 64,722.03 crore.

Promoters hold a 64.30% stake in the company, while institutional investors and non-institutional investors own 4.09% and 31.60%, respectively.

Waaree Energies has secured a significant order to supply solar modules for 362.5 Mwp from a leading renewable energy company in India. The supply is set to begin in FY 2025-26.

Additionally, Waaree Clean Energy Solutions, a wholly owned subsidiary, has received a Notification of Award (NoA) from the Solar Energy Corporation of India (SECI) for establishing a 90,000 MT per annum Green Hydrogen production facility under the SIGHT Scheme (Model-1, Tranche-II).

Waaree Energies specializes in manufacturing solar photovoltaic modules, executing solar projects, and electricity sales.