Waaree Energies Shares Surge on Solar Breakthrough

Waaree Energies’ shares rose over 7% after winning a 1GW solar module supply order from a major renewable energy player. Deliveries are planned for 2024-2026, boosting investor confidence. Analysts highlight strong growth potential, with support at ₹2,750 and resistance at ₹3,200. The company, a leading solar PV module maker, recently posted a 17.98% profit growth. High trading volumes reflected growing market interest, suggesting a bullish trend for the stock. Waaree’s strategic positioning in domestic and US markets signals further opportunities for expansion.