Shares of Waaree Energies have witnessed a significant decline, dropping over 12% in the past two days. This decline is attributed to concerns over potential reductions in renewable energy exports to the United States, following the recent re-election of Donald Trump as president. The impact of this change in leadership could be challenging for companies with substantial reliance on the US market for exports.
On November 8, Waaree Energies’ stock fell nearly 5% to ₹3,186 per share on the NSE. This ongoing drop has led to a decrease in the company’s total market capitalization, bringing it down to ₹93,213.34 crore from over ₹1 lakh crore previously.
As of 10:20 am today, the shares were trading 6.25% lower at ₹2,938.00 on the NSE, reflecting continued pressure on investor sentiment.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
