Intraday Trading Highlights
On the trading day, Waaree Energies Ltd recorded a significant gain of 5.06%, outperforming its sector by the same margin. The stock’s intraday high of ₹2,782.95 represented a 5.15% rise from its previous close, underscoring strong buying interest during market hours. This performance was particularly impressive given the broader market context, where the Sensex recovered sharply after a negative start, closing 1.09% higher at 81,603.26 points.
The stock’s price movement showed resilience as it traded above its 5-day and 20-day moving averages, signalling short-term strength. However, it remained below its longer-term averages of 50-day, 100-day, and 200-day moving averages, indicating that while the immediate momentum is positive, the stock has yet to break through longer-term resistance levels.
Market Context and Sector Comparison
The broader market environment on 2 Feb 2026 was characterised by a sharp rebound in the Sensex, which initially opened 167.26 points lower but rallied by 1,047.58 points during the session. Mega-cap stocks led this recovery, contributing to the overall 1.09% gain in the index. Despite this positive market backdrop, Waaree Energies Ltd’s outperformance was notable, with a 5.29% gain compared to the Sensex’s 1.09% rise on the day.
Over the past week, the stock has continued to show strength, gaining 7.26% against a marginal 0.08% increase in the Sensex. This trend highlights the stock’s relative resilience amid mixed market conditions. Over one month, Waaree Energies Ltd’s decline of 2.79% was less severe than the Sensex’s 4.85% drop, further emphasising its comparative stability.
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Longer-Term Performance Metrics
Examining the stock’s performance over extended periods reveals a mixed picture. Over three months, Waaree Energies Ltd declined by 18.75%, a sharper fall compared to the Sensex’s 2.78% drop. However, the stock has outperformed the Sensex over the one-year horizon, delivering a 16.04% gain versus the index’s 5.29% rise. Year-to-date, the stock has declined 6.00%, slightly more than the Sensex’s 4.24% fall.
Notably, the stock’s three-year, five-year, and ten-year performance figures are recorded as 0.00%, indicating either a lack of available data or no change over these periods, while the Sensex has shown substantial gains of 36.16%, 63.87%, and 232.55% respectively over the same timeframes.
Mojo Score and Rating Update
Waaree Energies Ltd currently holds a Mojo Score of 78.0, categorised under a Buy grade. This represents an upgrade from its previous Hold rating, effective from 9 Dec 2025. The company’s Market Cap Grade stands at 2, reflecting its position within the market capitalisation spectrum. These metrics provide a quantitative assessment of the stock’s quality and market standing as of the latest evaluation.
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Summary of Trading Activity
Throughout the trading session, Waaree Energies Ltd exhibited strong buying interest, reflected in its ability to surpass short-term moving averages. The stock’s performance was well above the sector average, which remained subdued relative to Waaree’s gains. The day’s high of ₹2,782.95 was a clear indicator of the stock’s intraday strength, with the 5.15% rise marking one of the more significant single-day moves within the Other Electrical Equipment sector.
Despite the broader market’s initial weakness, the stock’s resilience contributed positively to its relative performance metrics. The Sensex’s recovery was led by mega-cap stocks, yet Waaree Energies Ltd’s outperformance highlights its distinct trading dynamics on this particular day.
Technical Positioning
From a technical perspective, the stock’s position above the 5-day and 20-day moving averages suggests short-term momentum is firmly in place. However, the resistance posed by the 50-day, 100-day, and 200-day moving averages remains a hurdle for sustained upward movement. Investors and market participants will likely monitor these levels closely in subsequent sessions to gauge the stock’s ability to maintain its current strength.
Sector and Industry Context
Operating within the Other Electrical Equipment industry and sector, Waaree Energies Ltd’s performance stands out amid a mixed market environment. The sector’s overall movement was less pronounced compared to the stock’s gains, indicating a degree of stock-specific momentum driving the price action. This divergence from sector trends is noteworthy given the broader market’s volatility during the session.
Conclusion
On 2 Feb 2026, Waaree Energies Ltd delivered a strong intraday performance, reaching a high of ₹2,782.95 and registering a 5.15% increase. The stock’s gains outpaced both the sector and the Sensex, supported by positive short-term technical indicators and a recent upgrade in its Mojo Grade to Buy. While longer-term moving averages present resistance, the day’s trading activity underscores the stock’s current momentum within a recovering market environment.
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