Indosolar

Waaree’s order book has 25GW of projects worth ₹ 49,000 crore, or about 3.2 times trailing-12-months revenue. Still, the 50% US tariff could hurt profitability as many of its contracts lack a cost-escalation clause.

Here’s a quick look at stocks likely to be in focus in today's trade.

Indosolar OFS: Waaree Energies plans to sell a 14.66% stake in Indosolar through an offer for sale to meet public shareholding norms. The OFS, priced at ₹ 500, opens for non-retail investors on September 18, with retail bidding allowed on September 19.

Waaree Energies shares rose nearly 2% on July 10, driven by the announcement of a 2.4% stake sale in Indosolar to meet public shareholding requirements. The stock has gained almost 9% over two sessions, supported by strong international order inflows and robust financial performance.

Waaree Energies, the promoter of Indosolar Ltd, announced on that the company is going to sell 10,00,000 or 10 lakh equity shares. Shares of the parent company closed 1.7% higher prior to the exchange filing.

Is Indosolar’s market re-entry a lasting revival or another temporary spark in solar manufacturing?