Waaree Energies Ltd Hits Intraday High with 10.09% Surge on 3 Feb 2026

Intraday Trading Highlights

Waaree Energies Ltd opened the day with a significant gap up of 7.44%, setting a positive tone for the trading session. The stock continued to gain traction, eventually touching its intraday peak at Rs 3,124.95, representing an 11.84% rise from the prior close. By the end of the day, the stock recorded a day change of 10.09%, substantially outperforming the Sensex, which gained 2.58% on the same day.

The stock’s performance was also notable against its sector peers. The Other Electrical Equipment sector, particularly the Renewable Energy segment, gained 3.64% during the day, while Waaree Energies Ltd outperformed the sector by 6.32%. This outperformance underscores the stock’s strong relative strength in the current market environment.

Recent Price Trends and Moving Averages

Waaree Energies Ltd has been on an upward trajectory, registering gains for two consecutive days with a cumulative return of 16.13% over this period. The stock’s price currently trades above its 5-day, 20-day, 50-day, and 200-day moving averages, indicating sustained short- to long-term bullish momentum. However, it remains below its 100-day moving average, suggesting some resistance at that level.

This technical positioning reflects a strong recovery phase, with the stock maintaining levels above key short-term averages, which often act as support during upward moves.

Market Context and Sector Activity

The broader market displayed mixed signals on the day. The Sensex opened with a substantial gap up of 3,656.74 points but lost momentum, falling by 1,550.59 points to close at 83,772.61, down 2.58%. Despite this, the index remains close to its 52-week high of 86,159.02, just 2.85% away. The Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a longer-term uptrend.

Within this environment, mega-cap stocks led the market gains, while Waaree Energies Ltd, a mid-cap stock in the Other Electrical Equipment sector, managed to deliver a strong performance, bucking the broader market’s intraday weakness.

Performance Comparison Over Various Timeframes

Waaree Energies Ltd’s recent performance has been strong relative to the Sensex across multiple timeframes. The stock recorded a 1-day gain of 10.20% compared to the Sensex’s 2.58%. Over the past week, the stock rose 14.30%, significantly outpacing the Sensex’s 2.34% gain. The 1-month return for Waaree Energies Ltd stands at 7.42%, while the Sensex declined by 2.32% during the same period.

However, the stock’s 3-month performance shows a decline of 10.14%, slightly underperforming the Sensex’s marginal fall of 0.25%. Over the longer term, Waaree Energies Ltd has delivered a 31.89% return in the past year, well ahead of the Sensex’s 8.53% gain. Year-to-date, the stock has gained 3.87%, contrasting with the Sensex’s 1.70% decline.

Data for 3-year, 5-year, and 10-year returns for Waaree Energies Ltd are not available, while the Sensex has recorded gains of 37.69%, 66.69%, and 245.83% respectively over these periods.

Mojo Score and Rating Update

Waaree Energies Ltd holds a Mojo Score of 78.0, reflecting a strong buy sentiment. The company’s Mojo Grade was upgraded from Hold to Buy on 9 Dec 2025, signalling improved fundamentals and market positioning. The stock’s Market Cap Grade is 2, indicating a mid-cap classification within its sector.

This upgrade aligns with the stock’s recent price action and relative strength, as evidenced by its outperformance against sector and market benchmarks.

Summary of Trading Action and Market Position

On 3 Feb 2026, Waaree Energies Ltd’s strong intraday performance was characterised by a significant gap up opening, sustained buying interest, and a peak price that marked an 11.84% increase from the previous close. The stock’s ability to outperform both its sector and the broader market indices highlights its current strength within the Other Electrical Equipment industry.

Trading above key moving averages except the 100-day average suggests a positive technical setup, while the Mojo Score upgrade and Buy rating reinforce the stock’s improved standing. Despite the broader market’s mixed performance, Waaree Energies Ltd’s gains reflect focused demand and resilience in a competitive sector.

Investors and market participants will note the stock’s consistent gains over the past two days and its strong relative performance across multiple timeframes, underscoring its prominence in the mid-cap space.

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