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Waaree Energies shares drop to near 52-week low, trading below IPO price
Waaree Energies shares fell towards a 52-week low, dipping below the IPO price amid profit-booking and midcap volatility on renewed selling pressure.
Shares of Waaree Energies declined sharply to near their 52 week low, slipping below the stock’s initial public offering price amid subdued market sentiment. The downturn follows profit booking and cautious investor positioning after mixed quarterly performance metrics. Market analysts say the stock’s technical weakness reflects broader volatility in midcap segments and selective risk aversion across energy linked equities.