Waaree Renewable Technologies surges 9.61% amid energy sector decline 

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Waaree Renewable Technologies Ltd shares jumped 9.61 per cent to ₹1,242.10 on October 13, 2025, even as the broader Nifty Energy index fell 0.68 per cent. The stock hit a new 52-week high of ₹1,287.00 during the session, with traded volume reaching 121.61 lakh shares worth ₹1,521.46 crore.

The rally comes days after the company announced record quarterly results for Q2 FY26 on October 10. Revenue from operations stood at ₹774.78 crore, up 47.73 per cent year-on-year from ₹524.47 crore. Profit after tax more than doubled to ₹116.34 crore from ₹53.52 crore, marking a 117.40 per cent increase.

The energy sector showed mixed performance with only seven stocks advancing while 33 declined. Torrent Power led gainers with 1.52 per cent, followed by Adani Power at 1.24 per cent and GVT&D at 1.18 per cent. Traditional energy majors faced selling pressure, with Reliance Power declining 5.48 per cent, Siemens down 3.14 per cent, and CG Power falling 1.73 per cent. ONGC dropped 1.21 per cent, while Indian Oil Corporation and Hindustan Petroleum declined 1.01 per cent and 1.26 per cent respectively.

Waaree Renewable, the EPC arm of the Waaree Group, reported an unexecuted order book of 3.48 GWp to be executed over 12-15 months. The company’s board approved capex for setting up 65.5 MWp of Independent Power Producer solar plants in Maharashtra and Rajasthan. The company’s market capitalization reached ₹12,958.89 crore.

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Published on October 13, 2025

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