A green giant’s pollution woes: How Waaree Energies dumped toxic effluents in a Gujarat village
Waaree Energies reported results in an energy transition development.
· LiveMint Companies
India’s solar poster child built a ₹1-trillion valuation on promises of a cleaner future. But along a quiet Gujarat stream, villagers point to foul runoff—and government records reveal repeated pollution notices. A Mint investigation.
The analysis
Waaree Energies reported ₹1. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +3.6% on the day at ₹2,318.00, and has returned -15.3% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The power sector has moved -12.9% over the same period, so Waaree Energies is running 2.4 points behind its peers.
For Waaree Energies, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- In focus: Waaree Energies (WAAREEENER), in Power.
- Over three months: Waaree Energies -15.3% against Power -12.9% (2.4 points behind).
- At least 25% below the 52-week high: Waaree Energies (34%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Waaree EnergiesWAAREEENER · Power | ₹2,318.00 | +3.6% | -2.6% | -15.3% | -33.8% | 1.2× | — |
Power
1M -5.4% · 3M -12.9%
Waaree Energies
Prices as of 29 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
ACME Solar shares rally 5% after Q2 profit jumps over 100%, signs 400MV agreement with NTPC
Adani Green’s debt maths: Why leverage may fall below 4x as capex cycle matures
JSW Energy Q2 Results: Net Profit Jumps By Nearly 50% Even As Margin Contracts
Stock Market Today: Sensex Gains, Nifty 50 Above 22,700; Adani Ports, PowerGrid, BSE, Bharti Airtel Among Top Gainers
TVS Motor to raise e2W capacity to 80,000 units a month by March 2027