Waaree Energies Limited, is one of the largest manufacturers of solar PV modules in India. The company’s share has been fluctuating significantly in recent days. Today, Waaree Energies Share price is hovering around Rs 2913.65. It shows a growth of 3.22%. Whether to buy this share hold or sell this article? you can find market trends and expert recommendations in this post.
Waree Energies Share Price Today
Waree Energies Share opened at Rs 2821 today and reached a high of Rs 3014.00. The lowest point it recorded was Rs 2762.25. Total volume of stocks are over 21,49,658, which shows massive interest from investors. Current market capitalization of Waree Energies is approximately Rs 83,648 Crores.
Pros & Cons of Waree Energies Share
Before investing in any company investors should look into the pros and cons of a company. Here’s the list of advantages and disadvantages you should know:
Pros
- Steady and strong Profit growth and sales figures indicate good management strategies and market position.
- Investment in future technologies to improve operational efficiency along with product qualities.
- Good brand presence in the Indian Solar Energy Sector and consumer trust.
Cons
- Fluctuations in raw material prices might impact production costs and affect in profits.
- High P/E ratio could indicate over valuation compared to similar industries.
Recent News about Waaree Energies Share
Q2 Results: Waaree Energies has reported its quarterly results for Q2 FY 25 which shows significant revenue growth in solar products.
Expansion Plans: The company has planned to expand manufacturing capacity to offer more solar products in Indian Solar Market.
Government Initiatives: Waree Energies also getting benefits from Indian Government support for renewable energy initiatives.
Recommendation about Waaree Energies Share Buy or sell?
In current market conditions, we would suggest to go with a hold strategy for investors who are already in. And those who are willing to get some shares can enter around Rs 2800 to get better value.
HDFC Securities also suggests hold approach for investors. Also keep an eye on manufacturing costs. ICICI Direct and Motilal Oswal suggests to buy share with an target price of Rs 3200 and Rs 3100.
Disclaimer: This article is for information purposes only and doesn’t constitute financial advice. Investors should do their own research before investing in Waaree Energies Limited Share.
