Introduction:
Power stock has secured a purchase order for 99 solar off-grid combos, including panels, batteries, and inverters, to be delivered within three months. The transaction is awarded by a domestic customer, reinforcing the company’s position in the renewable energy sector.
Share Price movement of Waaree Technologies:
On January 16, 2025, Waaree Technologies Ltd opened at ₹367.95, reaching a high of ₹383.75 and a low of ₹365.00, share is currently trading at ₹383.75. This marks a 5% increase from the previous close of ₹365.50, with a market cap of ₹413.23 Cr.
Waaree Technologies hits 5% upper circuit:
Waaree Technologies Limited has received a purchase order on January 15, 2025, for 99 sets of solar off-grid combo from a domestic customer. The order includes solar panels, batteries, and inverters and is expected to be delivered within three months.
The order will be executed within three months, with no involvement from related parties, and is awarded by a domestic trading entity. The company will supply the solar off-grid combo, which includes the required components such as batteries and inverters.
There is no promoter or promoter group involvement with the awarding entity, ensuring the transaction is conducted at arm’s length. This order is a step towards reinforcing Waaree Technologies’ position in the solar energy sector.
Also Read: Navratna stock jumps 7% after receiving order worth ₹3,622 Cr from Bharat Sanchar Nigam
Recent news About Waaree Technologies :
On January 8, 2025, Waaree Technologies Ltd received an order for batteries and inverters from a trading customer. The products are to be delivered within 4 to 6 weeks. The order aligns with the company’s ongoing business operations and growth strategy.
Ace investor holding of Waaree Technologies:
Chodvadiya Jignesh Vinubhai holds a significant stake in Waaree Technologies Ltd., with 564,025 shares valued at ₹21.6 Crore. He holds a 5.24% stake in the company as of the latest filing. His involvement reflects confidence in the company’s future growth.
Ajay Kumar Aggarwal holds 146,125 shares of Waaree Technologies Ltd., valued at ₹5.6 Crore, representing a 1.36% stake in the company as of the latest filing. His investment reflects confidence in the company’s growth and future prospects.
Stock performance of Waaree Technologies for Period of 1 week, 6 months and 1 year:
Waaree Technologies Ltd has faced significant declines in its stock performance, with a 9.14% drop over the past week, a 68.3% decrease over the past six months, and a 62.9% fall over the past year, indicating challenging market conditions.
Also Read: Infra stock jumps 8% after it receives order worth ₹1,087 Cr from Gorakhpur Development Authority
Shareholding pattern of Waaree Technologies:
| Summary | Sep-24 | Mar-24 |
| Promoter | 58.80% | 59.10% |
| FII | 0.00% | 0% |
| DII | 0% | 0% |
About Waaree Technologies:
Waaree Technologies Ltd. is a prominent player in the renewable energy sector, specializing in solar solutions. The company focuses on providing high-quality solar products, including panels and systems, contributing to India’s clean energy transition and expanding its footprint in the global market.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
