Waaree Energies

Waaree Energies shares fell 4% following a US Customs ruling on tariff evasion for imports from Vietnam and Malaysia. Facing a potential 2.7 times tariff increase, Waaree's reputation may be at risk.

Adani Total Gas shares surged nearly 11%, while other top index gainers included Info Edge (India), Tata Communications, JSW Energy, Waaree Energies, Premier Energies, Tata Investment Corporation, SAIL, and OIL India, which advanced between 2% and 5%.

All but one of India’s top listed solar module companies reported nil exports during the quarter ended 31 March. Market leader Waaree Energies Ltd, which had so far managed to protect its exports to the US, also reported fewer outbound shipments during the fourth quarter of FY26.

The Indian stock market declined in April's final session due to rising crude oil prices and a weak rupee, with the Nifty 50 down 0.73% and the Sensex 0.78%. Both indices recorded over 7% gains for the month, while the rupee hit a record low against the dollar.

Waaree Energies reported strong operational performance in FY26 with EBITDA surpassing guidance. While FY27 outlook is positive, margin pressures remain a concern. The company is investing heavily in expansion, but recent earnings results led to a sharp decline in stock price.

Waaree Energies shares rose 3.6% to ₹ 3,197 after approving a ₹ 3,900 crore capital expenditure for a glass manufacturing plant. The company also increased its stake in Waaree Transpower from 64.04% to 75.10%.

Stock market today: Experts have recommended these eight stocks to buy today — DCM Shriram, MCX, Vedanta, Grasim Industries, Tata Motors PV, M&M, Tourism Finance, and Waaree Energies

Vishnu Kant Upadhyay and Aakash Shah recommend six stocks for short-term investment, highlighting bullish trends in Coal India, Thermax, MCX, Waaree Energies, Hitachi Energy India, and Astral.