Waaree Energies Shares: Shares are 27% down from record high, a buying opportunity or a sign of exit with remaining profits? – waaree energies share price down over 27 percent from peak what should investors do check analysts view
Waaree Energies Share Price: The shares of Waaree Energies, which increased the money of IPO investors by almost two and a half times in a few trading days since the listing, have slipped from their highs. At present it is more than 27 percent below the record high. Talking about today, its shares are showing a slight rise. At present it is priced at Rs 2712.35 on BSE with an increase of 0.53 percent. In intra-day it jumped by 2.47 percent to reach the price of Rs 2764.80. In such a situation, the question is now arising that amid the fear of decline in renewable energy exports to America, will it be able to recover?
What do market experts say?
Market experts believe that after the victory of Donald Trump in the US Presidential elections, the huge fall in the shares of Vari Energies was due to uncertainty regarding renewable energy exports, especially solar modules. In his speech after the victory, Trump had hinted at the possibility of withdrawing renewable energy projects, which could be a burden on Indian exporters. If Trump continues his opposition to renewable energy, Indian companies in this sector may face a setback.
Stockbox’s Technical Analyst Kushal Gandhi says that if we talk about Vari Energies, it jumped 62 percent from the low level on the day of listing to reach a record high in just 6 trading days, however, it fell by 33 percent due to profit-booking. Now he says that it is at the important demand zone of Rs 2500 and it is necessary to maintain this level for bullish momentum. In short term this share can reach the level of Rs 2997 but definitely maintain the stop loss at the level of Rs 2584. In comparison to the current valuation of Vaari Energies, he has advised to invest money in Siemens, CG Power and BHEL in the medium term considering the low risk and high growth potential.
Waaree Energies shares were listed on 28 October
Shares of Vaari Energies were issued at a price of Rs 1503. It entered the domestic market on October 28 at a premium of about 70 percent. Now talking about IPO, its Rs 4321 crore IPO got an excellent response from investors and was subscribed more than 79 times. Talking about shares, it reached a record low of Rs 2294.55 on 28 October 2024 and a record high of Rs 3740.75 on 6 November 2024.
Waaree Energies IPO Listing: Entry of ₹1503 share at 70% premium, then profit booking created pressure
Got approval from DGCA, shares of Nitiraj Engineers became rocket, jumped to upper circuit of 10%
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.