Shares of Waaree Energies Ltd. have dropped significantly, losing over 10% in the last two trading sessions due to investor concerns about a potential reduction in renewable energy exports to the United States during Donald Trump’s presidency. The U.S. market is crucial for Waaree Energies, and any policy changes impacting renewable energy could directly affect its revenue.
The recent downturn has brought the company’s market capitalization down to ₹93,213.34 crore, from over ₹1 lakh crore. This decline follows a sharp 8% drop on November 7, signaling a shift in investor sentiment after a strong post-IPO performance that saw the stock gain 150% from its issue price.
As of 12:17 pm today, Waaree Energies shares were trading 6.87% lower at ₹3,118.50 on the NSE, indicating continued pressure on the stock amid profit-taking and concerns about its U.S.-dependent export strategy.
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