Waaree‍‌‍‍‌‍‌‍‍‌ Energies Share Price Slide Over 3 Percent After Income Tax Department Visit

19 November 2025: The share price of Waaree Energies Limited fell sharply by over 3% on Wednesday following the company’s disclosure that officials from the Income Tax Department visited some of its offices and facilities. The company confirmed it is fully cooperating with the ongoing investigation under the Income Tax Act, 1961, which triggered short-term selling pressure among investors.

Company Disclosure Triggers Market Reaction

On November 18, Waaree Energies informed the exchanges that officials from the Income Tax Department visited a few offices and premises of the company in a investigation under the Income Tax Act, 1961. The company has said that the matter is still at the hearing stage and it is fully cooperating with the officials.

Due to the news, investors reassessed the risk of the short-term period; thus, most of the morning session saw a predominance of the selling pressure.

Latest Stock Snapshot (1:14 pm IST)

Waaree Energies opened the session on a weak note and was last traded at ₹3,154.50, down 3.88% from the previous close of ₹3,281.90. The stock touched an intraday low of ₹3,075.10 as investors adopted a cautious stance. It continues to be a constituent of the Nifty Midcap 150 index, with a post-adjustment P/E ratio of 40.99.

Order Book and Market Mood

The order book shows a higher number of shares for sale, with 2,27,977 shares offered compared to 1,84,293 shares being bid. This imbalance suggests continued downward pressure on the stock as selling dominates. Meanwhile, the delivery volume of 34.27% indicates participation from both short-term and long-term investors, reflecting cautious trading amid heightened market uncertainty and investor apprehension.

REF: https://nsearchives.nseindia.com/corporate/WAAREE_18112025214934_18Nov2025StockExchangeIntimation.pdf

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