Waaree Energies, a leading solar energy company based in Gujarat, India, saw its share price surge by 6% on April 17, 2025. This rise followed the company’s announcement of its upcoming Q4 financial results on April 22 and the recent inauguration of India’s largest solar cell manufacturing Gigafactory in Chikhli, Gujarat.
Waaree Energies Limited, one of India’s largest solar energy companies based in Gujarat, witnessed a 6% spike in its share price during intraday trading after it announced its board will meet on April 22, 2025, to approve its Q4 financial results. This surge also follows the recent inauguration of the country’s largest solar cell manufacturing Gigafactory in Chikhli, Gujarat.
On the Bombay Stock Exchange (BSE), Waaree Energies shares opened at ₹2284.85, up 2.5% from the previous close of ₹2228.4. The stock then rose to an intraday high of ₹2378.75, reflecting over 6% gains amid positive market sentiment.
Board Meeting Scheduled
In a filing to the stock exchanges, the company confirmed that a meeting of its Board of Directors is set for April 22, 2025, to consider and approve the audited standalone and consolidated financial results for the quarter and fiscal year ending March 31, 2025.
As per its insider trading policy, Waaree Energies has closed the trading window for directors, key personnel, and their immediate relatives from April 1 until 48 hours post-results declaration.
India’s Largest Solar Gigafactory
Waaree Energies also recently inaugurated India’s largest solar cell Gigafactory at Chikhli in Gujarat. Spread over 150 acres with a built-up area of 101 acres, the 5.4 GW facility showcases the company’s dedication to driving India’s green energy mission. The project is expected to play a pivotal role in bolstering domestic solar manufacturing capabilities.
The dual boost of strong investor expectations around Q4 earnings and the strategic development in solar infrastructure is positioning Waaree Energies as a key player in India’s renewable energy transition.
