As of 31 March 2025, promoter holding stood at 64.3%, while FIIs held 0.7%, mutual funds 1.1%, and the remaining 33.9% was with other investors.
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Earlier in June, Waaree’s wholly-owned subsidiary, Waaree Solar Americas, secured a 599 MW solar module order from a major international client operating utility-scale solar and energy storage projects in the US.In May, the company received board approval to acquire Kamath Transformers for Rs 293 crore. Kamath is engaged in the manufacturing of transformers. The company said the acquisition aligns with its expansion strategy.
Additionally, the board cleared the acquisition of Green New Delhi Forever Energy by Waaree Forever Energies, a wholly-owned subsidiary. The deal is valued at Rs 1 lakh per share and will be completed in FY26 through a cash transaction.
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Waaree Energies share price target
According to Trendlyne, the average target price for the stock is Rs 2,602, implying a potential downside of about 13%. The stock holds a ‘Sell’ rating from four analysts.
Technically, Waaree Energies shows bullish momentum. The RSI stands at 57.9, indicating neutral territory, while the MACD at 32.6 is above both the center and signal lines—a positive sign.
The stock is trading above all major moving averages, including the 5-, 10-, 20-, 30-, 50-, 100-, and 150-day SMAs, reinforcing the current uptrend.
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Waaree Energies share price performance
Waaree Energies has gained 11% in the past week and 23% over the last three months. Its market capitalisation is currently at Rs 86,021 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)