Waaree Renewable Technologies shares rallied nearly 15% in intraday trading on July 15, reclaiming the ₹1,000 mark amid robust volumes and ahead of the company’s Q1 FY26 results announcement. The move marks a significant bullish breakout after a prolonged consolidation phase, boosting optimism among market participants.
At its day’s high, the stock touched ₹1,120 on the BSE, up 14.82% from its previous close of ₹975.40. This surge comes ahead of the company’s board meeting scheduled for Thursday, July 17, where it will consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.
Breakout Signals Renewed Momentum
According to Anshul Jain, Head of Research at Lakshmishree Investment, the stock has shown a strong technical breakout above ₹1,030, backed by volumes that were over 500% of its 50-day exponential moving average (EMA).
“This powerful breakout suggests that the stock may bounce back sharply. The next resistance to watch is around ₹1,268, which could act as the immediate target,” Jain said. He also advised traders to monitor follow-through volumes in the coming sessions and use trailing stop-losses to secure profits.
Despite today’s surge, Waaree Renewable remains well below its 52-week high of ₹2,074.95, offering ample upside potential if bullish momentum continues.
Previous Quarter Performance: A Snapshot
In Q4 FY25, Waaree Renewable reported an 83% YoY jump in net profit to ₹93.76 crore, from ₹51.31 crore in the same period last year. Revenue surged 74% YoY to ₹476.57 crore, primarily driven by the EPC (engineering, procurement, and construction) business.
- EPC Segment Revenue: ₹469.72 crore (+76% YoY)
- Power Sales: ₹6.85 crore (flat YoY)
Sector Outlook
According to Kotak Institutional Equities, FY2025 was a record year for India’s solar industry, with 23.8 GW of capacity added. However, with domestic manufacturing keeping pace — 91 GW of ALMM modules and 27 GW of solar cells — the sector is on track for supply-demand parity by FY2027. That said, international demand, especially from the US, remains volatile due to regulatory changes.
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What to Expect
The upcoming Q1 FY26 results will be crucial in confirming whether Waaree’s strong Q4 momentum is sustainable. If earnings meet or beat expectations, analysts believe the stock could test the ₹1,268 level in the near term, with a longer-term target contingent on broader sector performance and global energy trends.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult with a certified financial advisor before making investment decisions.
