Waaree Energies Share Price is on the news today, as the stock has crashed by 10.16% after market opening. What is the recent news, target price, and what analysts are recommending? Let’s find out.
Waaree Energies Share Price in the Market Today
As of today, Waaree Energies’ Share Prices are at Rs 2692.50. That means the stock is more than 10% down already. Today’s stock opened at Rs 2875.00 and touched a high of Rs 2914.70. The current UC limit is at Rs 3596.20, and the LC limit is at Rs 2397.60. The total market capitalization of the company stands around Rs 77,270 crores.
Company Financials
The company has reported its Q4 Financials, where net profit was reported at Rs 649 crores. That is a 35% growth compared to the same period last year. Operating revenue also increased by 36.4% to 4003.9 Crores from Rs 2935.8 crores last year. The EBITDA has come at Rs 1,059.57 crores, which is 116% growth compared to last year. The EBITDA margins stood at 25.59%.
Recent News about Waaree Energies
- The board has approved the acquisition of Kamath Transformers Private Ltd for Rs 293 Crores in cash. This decision is taken to expand Waree’s business to transformer manufacturing.
- The company board members have also approved the acquisition of Green New Delhi Forever Energy Pvt Ltd to cater to power projects under the IPP Framework.
- Waaree Energies is also investing $1 billion in the Brookshire facility in the US to scale production capacity from 3GW/ year to 5GW per year by 2027.
Waaree Energies Share Price Target
Money Mint Idea, suggested target price between Rs 2,850 to Rs 3,350 by the end of 2025. SharePrice-Target.com predicts a wider range between Rs 1,863 and Rs 4,386. Consensus
Recommendation on Buy or Sell
According to the moneycontrol website, 25% of analysts suggest a Buy for the Waaree Energies Share. The rest 50% suggest selling out. On the other hand, Consensus suggested a target price of Rs 2602.25, which is down from the current price.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buying or Selling, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
