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Waaree Energies Hits Record High on Strong Q1 and GST Tailwind

The CEO says GST cuts could lift demand by lowering solar project costs.

Overview

  • Consolidated net profit rose 89% year on year to Rs 745 crore in Q1 FY26, with revenue up 30% to Rs 4,426 crore.
  • The stock jumped as much as 7.77% to an intraday record of Rs 3,748 and is up about 67% over six months.
  • Trading activity was heavy, with volumes at roughly four times the 30‑day average and the RSI near 70.5.
  • Waaree notified exchanges that promoter-group entity Metafin Cleantech Finance Pvt. Ltd. has been reclassified as public after a no‑objection certificate.
  • Management will meet investors at the Chikhli, Navsari plant, with the company stating no unpublished price‑sensitive information will be discussed.