Waaree Renewables Faces Significant Stock Decline Amid Broader Market Challenges

Jan 28 2025 10:00 AM IST
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Waaree Renewables Technologies has faced a notable decline in stock performance, losing 5.2% today and 18.81% over the past six days. The stock is trading below its moving averages and has experienced a 34.38% drop in the last month, significantly underperforming compared to the broader market.
Waaree Renewables Technologies, a midcap player in the electric equipment industry, has experienced a significant decline in its stock performance today, losing 5.2%. This drop comes as the company has underperformed its sector by 1.81%. Over the past six days, the stock has faced consecutive losses, totaling an 18.81% decline during this period.

Intraday trading saw Waaree Renewables reach a high of Rs 920, reflecting a 3.5% increase at its peak, while it also hit a low of Rs 851.3, marking a decrease of 4.22%. The stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In terms of broader market performance, Waaree Renewables has seen a 34.38% decline over the past month, contrasting sharply with the Sensex, which has only decreased by 3.82%. This performance highlights the challenges faced by the company in the current market environment.
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