Waaree Energies Stock Nears ₹3,000 After FTSE Inclusion News
Shares of Waaree Energies surged over 11% on June 20, 2025, after the company was confirmed to be included in the FTSE Global Index. The news has excited investors, with the stock touching an intraday high of ₹2,975.
This major development is expected to bring an estimated $49 million in passive investments as global funds tracking the FTSE index prepare to rebalance their portfolios. The inflows are likely to begin from June 23, boosting Waaree's visibility and liquidity in the global market.
Why This Matters
Inclusion in an international index like FTSE means greater global recognition. For Waaree Energies, it could mean more foreign investment and stronger credibility. It also suggests that the company is on a growth path that global investors trust.
Other Indian companies expected to benefit from the FTSE rejig include:
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Vishal Mega Mart – $115 million inflows
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Hyundai Motor India – $56 million
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Swiggy – $32 million
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NTPC Green Energy – $22 million
Waaree’s Growth in the U.S. Adds to the Buzz
Apart from the FTSE boost, Waaree Energies is also making headlines for its strong U.S. expansion. Despite policy uncertainty in the U.S., especially with discussions around Donald Trump’s proposed bill that may affect renewable energy incentives, Waaree is showing resilience.
Its American unit, Waaree Solar Americas, recently signed major contracts:
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A 586 MW solar module supply deal
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A 599 MW order from leading independent power producers
To keep up with the demand, Waaree is planning to double the capacity of its Texas plant to 3.2 GW by the end of 2025. This move is expected to further strengthen its global footprint.
Stock Performance Overview
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52-week high: ₹3,740.75 (Nov 2024)
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52-week low: ₹1,808.65 (Apr 2025)
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Current price: Near ₹2,975
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IPO price: ₹1,503 (now up by ~98%)
While the stock faced a dip in January (-16%) and February (-10%), it bounced back strongly:
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March: +11.4%
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April: +8.3%
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May: +14.4%
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June: Slight decline of 2.3% so far, but today's 11% jump offsets most of that
Conclusion
Waaree Energies is clearly becoming a key player in the global solar energy market. With its inclusion in the FTSE index, increasing global visibility, and strong performance in the U.S., the company is showing promising long-term growth.
Reference from:- https://www.livemint.com/market/stock-market-news/waaree-energies-soars-over-11-on-ftse-index-rejig-stock-nears-rs-3000mark-11750412100747.html