Mumbai | 02-Oct-2025, 13:20 IST — Filed via NSE market data
Dek: Waaree Renewable Technologies was last quoted at ₹1,046.8, consolidating after a strong run. Policy tailwinds, module pricing and order book conversion remain the big watchpoints.
Trading Snapshot
Shares of Waaree Renewable Technologies Ltd traded near ₹1,046.8 on Thursday, positioned within a 52-week range of ₹841–₹1,272. At prevailing prices, the solar solutions player commands a market capitalisation of nearly ₹10,913 crore. After a multi-quarter climb, the counter has shifted into consolidation mode, with momentum traders eyeing a reclaim of the ₹1,070–1,100 zone as the next trigger.
Market Context
Waaree is often seen as a proxy on India’s solar module capacity build-out, supported by favourable government policies such as the Approved List of Models & Manufacturers (ALMM) framework. Export exposure has also lent resilience, but sectoral news flow around global module pricing and domestic order conversion has a direct bearing on sentiment.
Technical View
The stock remains below its 52-week high of ₹1,272, and momentum desks say a decisive close above ₹1,070–1,100 on volume would set up another attempt at fresh highs. Consolidation near current levels is seen as healthy, though risk desks caution that sharp moves in module prices or regulatory headlines could drive volatility.
Fundamental Watchpoints
For medium-term investors, three areas remain central to the re-rating narrative:
- Module pricing trends, which influence margins and competitiveness.
- Capex roll-out and capacity utilisation, signalling execution of growth plans.
- Order book conversion, particularly follow-through on large solar EPC contracts.
Delivery upticks, especially on the back of green-energy policy headlines, are often taken as early signals of trend resumption.
By the Numbers
| Metric | Figure |
|---|---|
| Price | ₹1,046.8 |
| 52-Week Low | ₹841 |
| 52-Week High | ₹1,272 |
| Market Cap | ~₹10,913 crore |
What to Watch
- Module pricing dynamics in global and domestic markets
- Capex roll-out and utilisation rates for new lines
- Order book conversion into revenues and margins
