Waaree Energies stock is witnessing a decline of 8% today. Recently this company was listed in the stock market. Since listing, today is the first time that the stock has seen a decline. After being listed, this stock has slipped by about 150% in the last 8 sessions.

On Thursday, the stock was seen slipping to ₹ 3,345 per share intraday. However, it is still higher than the IPO price. The IPO price of Waaree Energies is ₹ 1503 per share.

After being listed on both the exchanges, the company has also informed about receiving an order. Waaree Energies said that it has received an order to supply modules with 180 Mwp capacity. This order has been received from a big company. The supply of these modules will start in November 2024 itself. This supply is expected to be completed in the fourth quarter of the financial year 2025. Waaree Energies has received an order for the first time after being listed on Dalal Street. The company was listed on both the exchanges on 28 October 2024. After this, the stock of November 6 managed to reach a record high of ₹ 3743 per share. The stock was listed at a 66% premium of ₹2,500 per share over its IPO price on October 28. In a report, CNBC-TV18 quoted Prashant Tapase of Mehta Equities as saying that the demand for this stock will remain amid sector demand and expansion plans. The company is the largest manufacturing company of solar PV modules in India. The company is expected to benefit from government policies and the PLI scheme. Let us tell you that this company mainly manufactures solar PV modules and the aggregate installed capacity is 12 GW as of June 30, 2023. The company has 5 manufacturing plants across the country - in Surat, Tumbh, Nandigram and Chikli in Gujarat. Apart from this, there is also a manufacturing facility in Noida, Uttar Pradesh. The company's market share in India is 44%. The company is constantly improving its market position. The company's market capitalization reached ₹ 95,665 crore on Thursday.