Waaree Energies share price fell more than 1 percent in the opening trade on February 27 despite the company received an order to supply solar modules from subsidiary of Aditya Birla Renewables.
At 09:31am, Waaree Energies was quoting at Rs 2,237.65, down Rs 31.75, or 1.40 percent, on the BSE.
The company has received an order for supply of solar modules for 410 MWp from a ABREL EPC (a wholly owned subsidiary of Aditya Birla Renewables) engaged in the business of owning, developing and operating renewable power projects in India.
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On February 20, the company received an order for the supply of solar modules for 362.5 MWp from Khaba Renewable Energy, a subsidiary of Engie India.
Earlier in this month, the company had started commercial production at its 1.4 GW Monocrystalline PERC (Mono PERC) solar cell production line in Chikhli, Gujrat.
The company reported a four-fold jump in net profit at Rs 492.7 crore in the quarter ended December 31 of the current financial year, compared to Rs 124.5 crore in the same period of the previous financial year.
The firm’s revenue jumped over 116 percent to Rs 3,457.28 crore in the reported quarter over Rs 1,596.183 crore in the year-ago period.
The share touched a 52-week high of Rs 3,740.75 and a 52-week low of Rs 2,030.00 on 06 November, 2024 and 27 January, 2025, respectively.
Currently, the stock is trading 40.18 percent below its 52-week high and 10.23 percent above its 52-week low.
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