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Waaree Energies, India's largest solar PV module manufacturer, produced 3.3 GW of modules in H1 FY25, achieving modest 2% YoY growth. With a robust order book of ~20 GW and plans to expand to 20 GW capacity by FY27, the company is well-positioned for future growth, bolstered by IPO proceeds and government support for electrolyser manufacturing. Current market valuation stands at Rs 2,924, nearly double the IPO offer price.
Markets are poised for a potential sixth consecutive day of gains as investors await the Reserve Bank of India's Monetary Policy Committee meeting. Key stocks to watch include Canara Bank, Waaree Energies, and Afcons, which are expected to draw significant attention in today's trading session.
Waaree Energies shares surged nearly 50% since their listing on October 28, reaching a fresh peak of Rs 3,743 on November 6. The stock has gained for seven consecutive sessions, with a market cap exceeding Rs 1 lakh crore, driven by strong demand in the solar energy sector.
WAAREE ENERGIES LIMITED
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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