Waaree Energies Shares Drop Over 10% in Two Days Amid Trump’s Return Concerns
Waaree Energies stock has experienced a significant downturn in the past two trading days, with shares falling by more than 10%. The once-thriving green energy stock, which had seen a 150% return since its listing, is now facing a major setback due to concerns surrounding Donald Trump’s return to politics and his potential policies on renewable energy.
Impact of Trump’s Return on Waaree Energies
Donald Trump’s recent comments about his intentions to cut down on renewable energy projects if he wins the election have sent shockwaves through the market. During his campaign rallies, Trump announced plans to boost exports in the U.S. and hinted that he would shut down renewable energy projects on his first day in office. This policy change could have a negative impact on Indian companies, like Waaree Energies, which export solar modules to the U.S.
Stock Performance and Market Reaction
The stock of Waaree Energies saw a sharp decline on both Thursday and Friday, with Friday’s close at ₹3133.85, marking a 6.66% drop. This decline has resulted in a dip in the company’s market capitalization, which fell below the ₹1 lakh crore mark. By the close of trading on Friday, the market cap stood at ₹90,030.25 crore. Despite the recent slump, the stock has delivered a 150% return since its listing, making its current downturn a notable development.
Waaree Energies’ IPO and Share Performance
Waaree Energies debuted on the National Stock Exchange (NSE) with an IPO price band of ₹1503, and the shares were listed at ₹2500. The company’s stock had previously experienced a strong upward trend, attracting investor interest. However, recent market uncertainty, driven by the prospect of policy changes under a potential Trump administration, is now causing concern for investors.
As the situation develops, market watchers and investors will be closely monitoring how Trump’s policies might affect the future prospects of green energy stocks, particularly for companies like Waaree Energies, which depend on international trade for their growth.
(Disclaimer: This article is for informational purposes only and not a recommendation for investment. Please consult with a financial advisor before making any investment decisions.)
