Waaree Renewable Technologies surges 5.96% to ₹1,103.80 ahead of board meeting on Friday

Mumbai, October 9, 2025: The shares of Waaree Renewable Technologies Ltd (BSE: 534618, NSE: WAAREERTL) soared on Thursday morning and rose close to 6% (reaching 1103.80) before consolidating a bit and trading at 1,087.10 (4.36% up from the previous day’s closing). The rise in buying interest is linked with the anticipation of the upcoming board meeting scheduled for Friday (October 10), where the board of directors will discuss the financial performance of the company for Q2FY26 as well as the half-yearly review.

Waaree Renewable Technologies Ltd is a listed renewable energy solutions provider engaged in engineering, procurement, and construction (EPC) of solar power projects. The company is part of the BSE SmallCap index and operates under the “Other Electrical Equipment” category. It is known for its strong execution capabilities and growing portfolio of solar installations across India.

Stock Price Movement

The stock opened at ₹1,050.05 and touched an intraday high of ₹1,117.00 before settling at ₹1087.10 by 11:45 a.m. IST, compared to the previous close of ₹1,041.70. The volume-weighted average price (VWAP) stood at ₹1,094.25, indicating steady accumulation throughout the morning session. The stock’s 52-week high is ₹1830 and low (52-week) is ₹732.05. The company’s P/E ratio is 37.81 compared to the sectoral average of 37.51. Following today’s surge, the stock has risen by slightly more than 23% over the past six months.

Focus of the Board Meeting

Waaree Renewable Technologies’ board is set to convene on Friday to consider and approve its unaudited financial results for the second quarter (Q2FY26) and half-year ended September 30, 2025. Investors are closely watching for updates on project execution progress, revenue mix, and margin trends, particularly following a strong performance in the previous quarter.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/52406843-aab1-4aac-8c3d-59560306a8c5.pdf

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