Latest news with #WaareeEnergies'
Economic Times
26-07-2025
- Business
- Economic Times
Madhuri Madhusudan Kela exits renewable energy stock Waaree Energie after 112% rally since listing
Ace investor Madhuri Madhusudan Kela appears to have exited her stake in renewable energy company Waaree Energies, according to the latest shareholding data published by the stock exchanges for the quarter ended June 30, 2025. ADVERTISEMENT Kela, who held 33,41,700 shares, representing a 1.16% equity stake in the company at the time of its listing in October 2024, is no longer listed among the public shareholders in the June 2025 quarter. The absence of her name suggests either a complete exit from the stock or a reduction of her holding to below 1%, a threshold under which public disclosure is not mandatory as per SEBI regulations. The development comes amid a strong rally in Waaree Energies' stock in recent months. The stock has delivered significant gains over multiple time frames: The 6-month return stands at 42.24%, indicating strong investor interest and price momentum In the year-to-date (YTD) period, the stock has appreciated by 11.40% In just the last 1 month, the stock surged 8.34% Over a 3-month period, it has gained 19.07% Short-term performance has also been encouraging, with the stock gaining 2.09% over 1 week and 2.40% over 2 weeks. While the exact reason behind Kela's exit remains unknown, her withdrawal coincides with a period of notable stock performance, suggesting that her initial investment has likely yielded meaningful returns since the company's shares of Waaree Energies have given significant returns to its IPO investors, rallying sharply by 112.6% from its IPO price of Rs 1,503. ADVERTISEMENT Also read: Vijay Kedia exits Tata stock after making multibagger returns in 5 years (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
30-06-2025
- Business
- Time of India
Waaree Energies shares rally 3% after U.S. arm wins 540 MW solar module contract
Waaree Energies' U.S. subsidiary has secured a 540 MW solar module contract from a leading American developer, with deliveries split between 2025 and 2027–2028. This deal follows two other major U.S. orders, reinforcing Waaree's North American expansion plans. The company is also doubling its Texas capacity and holds an order book of 25 GW through 2027. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical indicators and price performance Shares of Waaree Energies jumped as much as 3.4% to their intraday high of Rs 3,048 on the BSE on Monday after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a leading American developer of utility-scale solar and energy storage deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas will deliver 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the company disclosed in a stock exchange filing on latest deal adds to Waaree's recent string of international wins. In the past few weeks, the company has secured two other large U.S. orders, one for 586 MW and another for 599 MW of solar modules. The flurry of contracts comes as Waaree looks to ramp up its presence in the North American company is also doubling its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of a statement issued earlier last week, Waaree reaffirmed its compliance with U.S. trade regulations, including Foreign Entity of Concern (FEOC) rules, and disclosed that its order book now stands at 25 GW through the technical front, Waaree Energies' stock is showing bullish momentum. It is currently trading above all seven of its key simple moving averages (SMAs), ranging from the 5-day to the 150-day SMA, suggesting strength across both short-term and long-term Relative Strength Index (RSI) is at 56.4, indicating that the stock is in neutral territory but with upward potential. A reading below 30 is considered oversold, while a reading above 70 is Moving Average Convergence Divergence (MACD) stands at 42.3 and remains above both the center and signal lines, reinforcing the ongoing bullish of Waaree Energies have gained 22.6% in the past three months and are up 5.6% over the last six months. However, the stock has seen a 2.3% dip in the past month.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
30-06-2025
- Business
- Economic Times
Waaree Energies shares rally 3% after U.S. arm wins 540 MW solar module contract
Waaree Energies' U.S. subsidiary has secured a 540 MW solar module contract from a leading American developer, with deliveries split between 2025 and 2027–2028. This deal follows two other major U.S. orders, reinforcing Waaree's North American expansion plans. The company is also doubling its Texas capacity and holds an order book of 25 GW through 2027. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical indicators and price performance Shares of Waaree Energies jumped as much as 3.4% to their intraday high of Rs 3,048 on the BSE on Monday after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a leading American developer of utility-scale solar and energy storage deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas will deliver 270 MW of modules in 2025, with the remaining 270 MW scheduled for 2027–2028, the company disclosed in a stock exchange filing on latest deal adds to Waaree's recent string of international wins. In the past few weeks, the company has secured two other large U.S. orders, one for 586 MW and another for 599 MW of solar modules. The flurry of contracts comes as Waaree looks to ramp up its presence in the North American company is also doubling its manufacturing capacity at its Brookshire, Texas, facility to 3.2 gigawatts (GW) by the end of a statement issued earlier last week, Waaree reaffirmed its compliance with U.S. trade regulations, including Foreign Entity of Concern (FEOC) rules, and disclosed that its order book now stands at 25 GW through the technical front, Waaree Energies' stock is showing bullish momentum. It is currently trading above all seven of its key simple moving averages (SMAs), ranging from the 5-day to the 150-day SMA, suggesting strength across both short-term and long-term Relative Strength Index (RSI) is at 56.4, indicating that the stock is in neutral territory but with upward potential. A reading below 30 is considered oversold, while a reading above 70 is Moving Average Convergence Divergence (MACD) stands at 42.3 and remains above both the center and signal lines, reinforcing the ongoing bullish of Waaree Energies have gained 22.6% in the past three months and are up 5.6% over the last six months. However, the stock has seen a 2.3% dip in the past month.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
27-06-2025
- Business
- Business Upturn
Waaree Energies: Promoter Chimanlal Doshi acquires 45.93% equity stake through gift transfer
By Aditya Bhagchandani Published on June 27, 2025, 10:12 IST Waaree Energies disclosed a major promoter group transaction on exchanges today as Chimanlal Tribhuvandas Doshi, a member of the promoter group, has acquired 45.93% equity stake in the company through an off-market gift transfer. According to the stock exchange filing, Doshi received 13.19 crore equity shares on June 24, 2025, taking his holding to 45.93% of Waaree Energies' total paid-up share capital. Before this transaction, Doshi did not hold any shares in the company. The company clarified that the transaction falls under inter-se promoter transfers as per SEBI (SAST) Regulations and was executed between immediate relatives. Waaree Energies' total equity capital remains unchanged at Rs 287.28 crore, comprising 28.72 crore shares with a face value of Rs 10 each. The filing confirmed that there is no change in the total voting capital post this acquisition. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
