Waaree Renewable Technologies Q1 Results: Stock gains for third day on record volumes
Published on 17/07/2025 10:16 AM
Waaree Renewable Technologies Q1 Results: Stock gains for third day on record volumesMutual Funds do not have any stake in Waaree Renewables, while foreign portfolio investors have a 1.13% stake in the company. As many as 3.2 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 19.21% stake in the company.By Hormaz Fatakia July 17, 2025, 10:16:04 AM IST (Published)2 Min ReadShares of Waaree Renewable Technologies Ltd. are up for the third straight session on Thursday, July 17, ahead of its June quarter results announcement.
The stock had gained 4.9% on Wednesday, following a 17.5% gain on Tuesday.
Waaree Renewable's shares have surged over the last two days on volumes that have never been seen before on the stock in its trading history.
As per data available, the stock had 1.53 crore shares change hands on Wednesday, and another 1.1 crore shares being traded on Tuesday. The average 20-day volume for the stock has been 3.1 lakh shares.
On Thursday's session, as many as 30 lakh shares have already changed hands within the first hour of the trading session.
The exchanges had sought clarification from the company with regards to the significant volume action seen during the last two trading sessions.
In response, the management said that there is no undisclosed price sensitive information or any impending announcement to the exchanges, that could have an impact on volumes.
"We hereby further submit that we are not aware of the reason of significant increase in volume of the shares. The movement in the volumes of the shares are purely market driven and may be a combination of various factors including market conditions," the clarification further stated.
Mutual Funds do not have any stake in Waaree Renewables, while foreign portfolio investors have a 1.13% stake in the company. As many as 3.2 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 19.21% stake in the company.
Shares of Waaree Renewable Technoogies are trading 1.5% higher on Thursday at ₹1,220.7. The stock made a 52-week high today ahead of the results announcement.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayWaaree Renewables