Waaree Energies Ltd (NSE: WAAREEENER): After Donald Trump’s return to America, the one stock that has been most affected is Waaree Energies Ltd. The share of the company has seen the stock drop by more than 22 % over the past three trading days.
On Monday, the share was trading at 2,822.60 rupees with a drop of around 10 % on BSE. Let us tell you, the renewable sector has been most negatively affected after Trump’s return.
Trump had said in his sales speech that he would stop renewable projects from day one. If this occurs, it’ll also hurt Indian firms. Let us tell you, these companies are exporting to America.
Waaree Energies Ltd and many other Indian companies are exporting to America. In such a situation, if Trump maintains his decision, then the expansion plans of these companies will be badly affected.
According to report, the company had a plan to set up a 3-gigawatt plant in America. But now that too can be affected.
Market Cap Decreased By Rs 19000 Crore
Due to the decline during the last 3 trading days, the market cap of Waaree Energies Ltd has seen a significant decline. The company’s market cap fell from Rs 1 lakh crore to Rs 81,000 crore.
Waaree Energies Ltd’s IPO had a great listing. It was traded on BSE at 2550 rupees with an increase of 69.70 %.
The upper price band of Waaree Energies Ltd’s IPO was Rs 1503. Since then, shares of the company have seen an increase of 49 %. Waaree Energies Ltd’s IPO was open from October 21 to October 23.
Quick Fact
| Company name | Waaree Energies |
|---|---|
| Sector | Renewable Energy |
| Recent Share Decline | 22% over the last 3 days |
| Recent Trading Price | ₹2,820.35 |
| Recent Drop % | 10% on BSE |
| Affected by | U.S. policy change (Trump) |
| Export Destination | United States |
| Expansion Plan | 3 GW plant in America |
| Market Cap Before | ₹1,00,000 crore |
| Market Cap After | ₹81,000 crore |
| Market Cap Drop | ₹19,000 crore |
| IPO Date | October 21 – October 23 |
| IPO Listing Price | ₹2,550 |
| IPO Price Band (Upper) | ₹1,503 |
| IPO Performance | +69.70% |
| Total Gain Since IPO | 49% |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
