Waaree Energies Ltd Hits Intraday Low Amid Price Pressure on 1 Feb 2026

Intraday Price Movement and Market Context

Waaree Energies Ltd, a key player in the Other Electrical Equipment industry, opened the day with some resilience, reaching an intraday high of Rs 2,849, marking a 2.21% gain early in the session. However, this positive momentum was short-lived as the stock succumbed to selling pressure, ultimately hitting its intraday low at Rs 2,545.6, representing a steep decline of 8.67% from the previous close.

The stock’s day change stood at -5.06%, underperforming the Renewable Energy sector, which itself declined by 2.67%. This sectoral weakness compounded the stock’s downward trajectory. Compared to the Sensex, which reversed sharply after a positive start and ended the day down 1.91% at 80,695.51, Waaree Energies’ decline was more pronounced, with a one-day performance of -5.43% versus the benchmark’s -1.91%.

Technical Indicators and Moving Averages

From a technical standpoint, Waaree Energies’ price action reveals a mixed picture. The stock remains above its 20-day moving average, indicating some short-term support. However, it is trading below its 5-day, 50-day, 100-day, and 200-day moving averages, signalling that the recent price weakness is part of a broader downtrend over the medium to long term. This positioning suggests that while there may be some short-term buying interest, the overall momentum remains subdued.

The Sensex itself is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, reflecting a market in a cautious phase but not yet in a confirmed downtrend.

Performance Comparison Over Various Time Frames

Examining Waaree Energies’ performance over multiple periods highlights the stock’s volatility and recent challenges. Over the past week, the stock has gained 1.47%, outperforming the Sensex’s 1.03% decline. However, the one-month and three-month performances tell a different story, with declines of 11.54% and 23.18% respectively, significantly worse than the Sensex’s corresponding falls of 4.70% and 4.39%. Year-to-date, the stock is down 11.08%, compared to the Sensex’s 5.31% decline.

Despite these recent setbacks, Waaree Energies has delivered a 20.33% gain over the past year, outperforming the Sensex’s 5.13% rise. This contrast underscores the stock’s sensitivity to short-term market fluctuations and sector-specific pressures.

Sector and Market Sentiment Impact

The Renewable Energy sector, to which Waaree Energies belongs, faced notable headwinds today, declining by 2.67%. This sectoral weakness was a significant factor in the stock’s underperformance. The broader market environment was also unfavourable, with the Sensex reversing sharply after an initial positive opening. The index fell by 1,693.46 points from its peak, reflecting widespread risk aversion among investors.

Such market dynamics often lead to increased volatility in mid-cap stocks like Waaree Energies, which are more sensitive to shifts in investor sentiment and sector-specific developments. The stock’s Mojo Score of 78.0 and an upgraded Mojo Grade to Buy from Hold as of 9 Dec 2025 indicate underlying quality and potential, but these factors have not insulated it from today’s price pressures.

Mojo Grade and Market Capitalisation Insights

Waaree Energies holds a Mojo Grade of Buy, upgraded recently from Hold, reflecting improved fundamental and technical assessments. The company’s Market Cap Grade is 2, indicating a mid-cap status within its industry. These grades provide a framework for understanding the stock’s relative positioning but do not shield it from short-term market fluctuations.

Investors should note that the stock’s current price is below several key moving averages, which may act as resistance levels in the near term. The day’s low of Rs 2,545.6 represents a significant intraday test of support, and the stock’s ability to stabilise above this level will be closely watched in subsequent sessions.

Summary of Price Performance and Market Dynamics

In summary, Waaree Energies Ltd’s intraday decline to Rs 2,545.6 reflects a combination of sectoral weakness, broader market volatility, and technical pressures. The stock’s underperformance relative to the Sensex and its sector highlights the challenges faced in the current trading environment. While the company’s upgraded Mojo Grade and solid one-year performance provide some context of strength, the immediate price action underscores the prevailing cautious sentiment among market participants.

Moving averages suggest that the stock remains in a corrective phase, with resistance likely near the 5-day and 50-day averages. The broader market’s sharp reversal after a positive start further contributed to the negative momentum. Investors and analysts will be monitoring the stock’s ability to hold key support levels in the coming sessions amid ongoing sector and market pressures.

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