Tue Oct 29 10:12:18 UTC 2024: ## Waaree Energies Shares Soar in Second Day of Post-Listing Rally

**Mumbai, India:** Waaree Energies, which made its debut on the Indian stock market on Monday, continued its upward trajectory on Tuesday, with its share price experiencing a second consecutive day of post-listing gains.

The company’s shares opened at ₹2,375.10 on the National Stock Exchange (NSE), marking an upside gap from the previous day’s close. Within minutes of the opening bell, the stock reached an intraday high of ₹2,454, representing a 5% surge.

Experts attribute this rally to a combination of factors including the company’s ambitious expansion plans, strong sectoral demand, and positive government policies like the Production Linked Incentive (PLI) scheme. They believe that Waaree Energies is well-positioned for long-term growth as the largest manufacturer of solar PV modules in India.

**Analyst Recommendations:**

* **Prashanth Tapse, Senior VP – Research at Mehta Equities** recommends long-term investors to “HOLD” the stock, while suggesting short-term investors target ₹2,750-2,800 for profit booking. Tapse advises fresh investors to consider accumulating shares at ₹2,200-2,300.
* **Shivani Nyati, Head of Wealth at Swastika Investmart** calls Waaree Energies shares a “portfolio stock to add,” highlighting the company’s strong growth focus, diversified customer base, and robust order book. Nyati advises investors to consider booking partial profits while maintaining a stop-loss of ₹2,000 for long-term holdings.

**Disclaimer:** This news article is based on expert opinions and does not constitute financial advice. Investors are encouraged to consult with certified financial advisors before making any investment decisions.

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