Last Updated:
Stocks To Buy: In India also the market share of the company is 21.6% (module) and 13.3% (cell) respectively. Motilal Oswal has now advised to buy this Vari Energies share.
New Delhi. Brokerage firm Motilal Oswal is bullish on solar energy sector company Waaree Energies. Brokerages have started covering the company’s shares with ‘Buy’ rating. Brokerage says that in ‘bull case’ the price of Vari Energies share can go up to Rs 5859. This is 75 percent more than its current price. At the same time, even under normal circumstances, a rise of 18 percent can be seen in this share and it can touch the level of Rs 4000. On Thursday, November 6, this share is trading at Rs 3364.80 on NSE.
Waari Energies share has risen by about 31 per cent in the last six months and has registered a gain of more than 130 per cent from its IPO price of Rs 1,503. So far in the year 2025, this stock has given 17 percent profit to the investors. However, the Waari Energies share price has declined by 7 percent in a year.
Why is Motilal Oswal bullish
According to Motilal Oswal, Vaari Energies has 5.4 gigawatt (GW) cell and 16.1 GW module capacity. Besides, it also has a 2.6 GW plant in America. In India too, the company’s market share is 21.6% (modules) and 13.3% (cells) respectively, which puts it ahead of other competing companies. The company currently has a strong order book of ₹47,000 crore, while its EBITDA is estimated to be between ₹5,500–6,000 crore in FY26. According to the brokerage, the company’s EBITDA can grow at 43% CAGR and net profit at 40% CAGR between FY25 to FY28.
Trading volumes of Vari Energies shares remain strong, indicating sustained investor interest. Vari Energies’ returns have been better than the major indices. However, the report also said that the company may face risks like increasing competition from domestic players and impact on tariffs due to changes in US policies.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. StuffUnknownwill not be responsible for any profit or loss of yours.)
