Waaree Energies shares drop following strong quarterly results
Shares of Waaree Energies fell more than 6 percent during early trading hours, even though the company announced a consolidated net profit of ₹850 crore for the June quarter. The renewable energy business saw a solid 14 percent year-on-year increase in its net profit. Investors opted to sell off their holdings to lock in gains immediately after the financial results were made public.