Waaree Technologies shares hit 5% upper circuit on winning order for 99 sets of solar off grid combo sets

Shares of Waaree Technologies hit their 5% upper circuit at Rs 383.75 on the BSE in intraday trade after the company announced that it won an order for 99 sets of solar off-grid combo sets on Wednesday.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulation”), please take note that the company has received an order of 99 sets of solar off-grid combo sets on January 15, 2025, from a customer engaged in the trading activities, to be delivered in three months,” the exchange filing to the stock exchanges said.

As stated in the filing, the customer who has ordered the solar off-grid combo sets is engaged in trading activities and this supply contract is expected to be executed within three months.


No further details about the order win have been provided by the company.

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Waaree Technologies share price performance

Over 2 years, the shares of Waaree Technologies have given returns of 150.41%. However, in the last 1 year, the stock declined by 59%. Even in the last 6 months and 3 months, the shares were down by 68.9% and 56.9%, respectively, according to the BSE Analytics.

Waaree Technologies technical placement

Technically, the shares of Waaree Technologies are trading below all their significant exponential moving averages (10, 20, 50, 100 and 200 DEMA) and oscillating near the 18-level mark on the relative strength indicator (RSI), according to the Trendlyne data.

An RSI below 20 is considered strongly oversold.

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