Waaree Energies: Strong Fundamentals and Mixed Technical Indicators Drive Market Attention

Waaree Energies, a prominent player in the renewable energy sector, has undergone a notable market reassessment following recent analytical revisions. With a return on equity (ROE) of 23.53%, the company has shown consistent growth, including a 110% increase in profit after tax (PAT) to ₹1,587.75 crore in the latest six months. Despite this strong financial performance, the stock has experienced some volatility, with a 4.04% drop in its price recently. The company’s market capitalisation stands at ₹85,795 crore, and its valuation metrics, such as a Price to Book ratio of 7.5, indicate premium positioning.