Waaree Energies Ltd Sees Heavy Value Trading Amid Prolonged Downtrend

Trading Activity and Price Movement

On 5 January 2026, Waaree Energies Ltd (symbol: WAAREEENER) recorded a total traded volume of 11,51,387 shares, translating into a hefty traded value of approximately ₹318.15 crores. The stock opened at ₹2,864.90 and touched an intraday high of ₹2,864.90 before sliding to a low of ₹2,723.00, eventually settling at ₹2,755.80 as of 10:39 AM IST. This closing price marked a decline of 4.53% from the previous close of ₹2,866.30.

The weighted average price for the day was skewed towards the lower end of the range, indicating that a majority of the volume was executed closer to the intraday low. This suggests selling pressure dominated trading sessions, with investors offloading shares at progressively lower prices.

Sector and Market Comparison

Waaree Energies underperformed its sector benchmark, falling 2.91% more than the average sector return of -1.13% on the same day. The broader Sensex index remained largely flat, registering a marginal gain of 0.04%, underscoring the stock’s relative weakness amid a stable market backdrop.

Extended Downtrend and Moving Averages

The stock has been on a downward trajectory for eight consecutive trading sessions, cumulatively losing 11.03% in value during this period. This persistent decline has pushed Waaree Energies below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical setup. Such a pattern often reflects deteriorating investor sentiment and may prompt cautious positioning among traders and institutional investors alike.

Institutional Interest and Delivery Volumes

Notably, investor participation has been rising despite the price weakness. Delivery volumes surged to 7.13 lakh shares on 2 January 2026, representing an extraordinary increase of 343.69% compared to the five-day average delivery volume. This spike in delivery volume indicates that a significant portion of traded shares was taken into long-term holdings rather than intraday speculation, suggesting that some institutional players may be accumulating positions at lower price levels.

Liquidity and Market Capitalisation

Waaree Energies boasts a market capitalisation of ₹79,619 crores, categorising it as a mid-cap stock within the Other Electrical Equipment industry. The stock’s liquidity profile is robust, with the capacity to handle trade sizes up to ₹4.94 crores based on 2% of its five-day average traded value. This level of liquidity facilitates sizeable transactions without causing excessive price impact, making it attractive for institutional investors and large traders.

Mojo Score Upgrade and Analyst Ratings

MarketsMOJO has upgraded Waaree Energies Ltd’s Mojo Grade from Hold to Buy as of 9 December 2025, reflecting improved confidence in the stock’s medium-term prospects. The company currently holds a Mojo Score of 71.0, which is indicative of favourable fundamentals and technical parameters. Despite the recent price weakness, this upgrade signals that the stock may be poised for a recovery or at least a stabilisation phase, supported by underlying business strengths.

Valuation and Market Cap Grade

With a Market Cap Grade of 2, Waaree Energies is recognised as a mid-cap entity, balancing growth potential with moderate risk. Investors should note that mid-cap stocks often exhibit higher volatility compared to large caps but can offer superior returns if the company’s fundamentals improve or sector tailwinds emerge.

Sector Outlook and Industry Positioning

Operating within the Other Electrical Equipment sector, Waaree Energies is positioned in a niche industry segment that is sensitive to infrastructure spending, renewable energy adoption, and technological advancements. The company’s performance is closely tied to broader economic cycles and government policies promoting clean energy and electrical equipment manufacturing.

Technical Indicators and Moving Average Analysis

The stock’s current trading below all major moving averages suggests a bearish trend, but the recent surge in delivery volumes hints at potential accumulation by informed investors. Market participants should monitor whether Waaree Energies can reclaim its 20-day and 50-day moving averages, which would be an early sign of trend reversal. Conversely, failure to hold near current support levels around ₹2,700 could trigger further downside.

Investor Takeaway and Outlook

While Waaree Energies Ltd has experienced a notable price correction over the past week, the high-value trading activity and increased delivery volumes suggest that institutional investors are actively engaging with the stock. The Mojo Grade upgrade to Buy further supports a cautiously optimistic outlook, although the technical picture remains challenging in the short term.

Investors should weigh the company’s solid market capitalisation and sector positioning against the current bearish momentum. Monitoring upcoming quarterly results, sector developments, and broader market trends will be crucial to assess whether Waaree Energies can stabilise and resume an upward trajectory.

Summary of Key Metrics:

• Total traded volume: 11,51,387 shares


• Total traded value: ₹318.15 crores


• Intraday price range: ₹2,723.00 – ₹2,864.90


• Last traded price (LTP): ₹2,755.80


• Mojo Score: 71.0 (Buy, upgraded from Hold on 9 Dec 2025)


• Market cap: ₹79,619 crores (Mid Cap)


• Delivery volume spike: +343.69% vs 5-day average


• Underperformance vs sector: -2.91% on 5 Jan 2026

Given these factors, Waaree Energies remains a stock to watch closely for investors seeking exposure to the Other Electrical Equipment sector with a mid-cap growth profile, especially those who can tolerate short-term volatility in pursuit of longer-term gains.

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