Waaree Energies saw a steep rise in its share price during Tuesday's trade, showing interest from investors before the company reports its soon-to-be fourth-quarter results. Waaree Energies, which is into the business of renewable energy, advanced up to 5 per cent in the opening trade. At 9:46 am, the stock on the National Stock Exchange (NSE) traded at ₹2,571.20, rising by 5.20 per cent.
This increase in Waaree Energies' stock price comes before the company's announcement to release its results for the quarter ended March 31, 2025. The firm has officially notified that its Board of Directors would meet on April 22nd to consider and approve the audited standalone and consolidated financial statements for the above-said period.
Waaree Energies has called for a conference call with investors and analysts for 11 a.m. on April 23rd. This call will be an occasion to comment on the fourth-quarter results as well as the performance of the company during the financial year 2025. The representatives from the company attending this call will be Amit Paithankar (Whole Time Director and CEO), Sonal Shrivastava (Chief Financial Officer), Abhishek Pareek (Group Head - Finance), and Rohit Wade (General Manager - Investor Relations).
Looking at recent market trends, Waaree Energies' stocks have indicated a positive trend, increasing by more than 6.20 per cent in the last month and close to 10.40 per cent in the last six months. This growth pattern corresponds with outside forces that could impact the solar energy space.
Significantly, Waaree Energies' stock price also reacted positively to the United States decision to impose anti-dumping duties on solar equipment imported from four countries in Southeast Asia: Cambodia, Vietnam, Malaysia, and Thailand. The new tariffs, which go up to 3,521%, came after an inquiry launched by U.S. solar manufacturers. These are added to the wider tariffs earlier imposed by the previous US President Donald Trump, which have affected global supply chains. Referred to as antidumping and countervailing duties, these are to offset what the US Commerce Department considers as unfair subsidies and pricing.
With Waaree Energies soon to announce its financial results for the last quarter of FY25, the market will be watching the numbers with great interest in the light of current share price action and the changing global trade scenario impacting the solar energy segment. The conference call due later is expected to give better information regarding the company's financial health as well as future prospects.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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