MarketsMOJO Upgrades Waaree Renewables Technologies to 'Buy' Rating for Impressive Performance and Growth

Waaree Renewables Technologies, a leading player in the electric equipment industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as a result of the company's impressive performance in the past few years.
One of the main reasons for the 'Buy' rating is the company's healthy long-term growth. Waaree Renewables Technologies has shown a remarkable annual growth rate of 252.76% in net sales and 335.42% in operating profit. In fact, in the last quarter of 2024, the company declared outstanding results with a growth in net sales of 344.38%. This positive trend has been consistent for the past 11 quarters.

The stock is also technically in a bullish range, with multiple factors such as MACD, Bollinger Band, KST, and OBV indicating a positive trend. Additionally, the company has consistently outperformed BSE 500 in the last 3 years, generating a return of 1134.96%.

However, there are some risks associated with investing in Waaree Renewables Technologies. The company has a very expensive valuation with a price to book value of 97.6. This may be a concern for some investors. Moreover, while the stock has generated impressive returns, its profits have only risen by 167.2% in the past year, resulting in a PEG ratio of 0.9.

Another risk factor is the low stake of domestic mutual funds in the company. Despite its large size, domestic mutual funds hold only 0% of Waaree Renewables Technologies. This may indicate that they are not comfortable with the current price or the business.

In conclusion, Waaree Renewables Technologies has shown strong growth and has received a 'Buy' rating from MarketsMOJO. However, investors should carefully consider the risks associated with the company before making any investment decisions.