#waareeenergies is having quite an eventful week! 📈 Here’s a snapshot of what’s driving the stock action:
🔄 Offer for Sale (OFS) of Indosolar Stake
– Waaree Energies is selling 2.4% stake in Indosolar Ltd via an OFS to meet SEBI’s minimum public shareholding norms.
– The OFS is spread across July 10 and 11, with ₹265 as the floor price.
– 10 lakh shares are being offered, with allocations for retail investors, mutual funds, and insurance firms.
🌍 Strong International Orders –
Waaree’s U.S. subsidiary secured 599 MW of solar module orders, adding to a previous 586 MW deal.
– Total international order inflow for Q1 FY26 now exceeds 1,200 MW, boosting investor confidence.
💰Financial Performance
– Q4 FY25 net profit more than doubled to ₹648.49 crore, with revenue up 37.69% YoY to ₹4,140.92 crore.
– FY25 PAT hit ₹1,932.15 crore, a 107% YoY jump, with annual revenue at ₹14,846.06 crore.
📊 Stock Movement –
The stock gained ~9% over two sessions, reaching an intraday high of ₹3,180.50.
– Despite the rally, it’s still ~15% below its 52-week high of ₹3,740.75.
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