Waaree Energies shares: America has decided to impose 126 percent tariff on solar imports from India. Despite this, brokerages are bullish on the shares of Waaree Energies, a company related to the energy sector. On one hand, the condition of solar stocks is bad due to the decision of the US Commerce Department to impose countervailing duty on the import of solar panels. At the same time, Vaari Energies is unaware of all this. In fact, the management of Vari Energies has said that there is no possibility of this tariff imposed by America having any impact on the company.

Brokerage has confidence in Vaari’s shares

Motilal Oswal Financial Services Limited (MOSFL) said that concerns regarding initial 126 percent countervailing duty (CVD) are not expected to have any significant impact on the company. The brokerage said, “Waari Energies (WEL), which earns about one-third of its earnings from the US, does not use solar cells made in India for its US supplies, hence the initial 126% CVD (countervailing duty) is not expected to have any significant impact on WEL’s earnings. Motilal has set a target price of Rs 3514 for it. Currently the share price is Rs 2709.60.

Wari signs its first electrolyzer/GH2 supply order, invests $30 million in polysilicon supply in Oman to move away from just module/cell play, Nuwama said. Its 70 per cent revenue share from retail (20–25 per cent), export/US manufacturing (30–35 per cent) and EPC/O&M (18–20 per cent) provides a strategic moat that can last for a decade. Apart from this, it has also entered into new green business to achieve rapid growth in the next 3–5 years. Nuvama has also given it a ‘BUY’ rating and a target price of Rs 3867.

Vaari’s position is better in America

Brokerage firm Emkay Global says, Vari does not use cells from India or any affected country for its supplies in America. Instead, it sources from other countries where US duty is less – i.e. 10 percent.

The company has increased its supply to the US, supported by multiple, FEOC-compliant sourcing. It has also increased its capabilities in America. The brokerage said the company is well positioned in the US with its diverse non-China sourcing (from polysilicon). The brokerage has advised to buy its shares with a target price of Rs 4260.

Why did America impose tariffs?

On February 24, America has imposed an initial countervailing duty of about 126 percent on shipments coming from India. This duty was announced after its trade authority made initial estimates that manufacturers in India were being unfairly subsidized. America believes that with the help of the Indian government (by providing cheap loans, tax exemption or concession on electricity), panels made in India are being sold cheaply in America. Due to this, American companies are facing difficulties in competing with them and they are incurring losses. Countervailing duty is imposed to compensate for subsidies provided by foreign governments, which allegedly give unfair price advantages to exporters in the importing country.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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IREDA Shares: Shares of Navratna awarded company Indian Renewable Energy Development Agency i.e. IREDA rose 3.7 percent to Rs 155.59 on Tuesday. This rise in the company’s shares was seen after the excellent results of the September quarter. During this period, its profit increased by 42 percent. IREDA’s net profit increased from Rs 387.75 crore to Rs 549 crore in the second quarter of business year 2026 as compared to the same quarter last year.

The company earned a lot of profit

Total income increased by 26 percent to Rs 2,057.45 crore. The company’s profit before tax increased sharply to Rs 696 crore from Rs 460 crore a year ago. The company earned a profit of Rs 795.68 crore in the first half of the financial year 2026, which was Rs 771.42 crore in the same period a year ago, while the total income increased from Rs 3,141.08 crore to Rs 4,016.98 crore.

bad behavior on thursday

Heavy selling was seen in the company’s shares on the fourth trading day of the week i.e. Thursday. With this, the share closed at the level of Rs 153.10 on Thursday with a decline of 1.16 percent. The stock has declined by 30.97 percent so far this year. The 52-week high level of IREDA shares is Rs 234.35 and the 52-week low level is Rs 137.

To bet or not? What do experts say

Experts believe that the resistance level of IREDA shares is around Rs 157-160, but a breakout above Rs 163-168 can give it a boost in the short term. In such a situation, traders have been asked to wait for the breakout above the resistance level.

Osho Krishnan, senior analyst at Angel One, says, IREDA seems to be strengthening near its resistance level around Rs 140. It may face resistance below its 100-day exponential moving average (DEMA) and a rise in shares from Rs 160 level may give it a temporary boost.

According to the report of Business Today, SEBI registered analyst AR Ramachandran said, IREDA shares are adopting a bearish trend on the daily chart. Strong resistance is visible at Rs 158.7. If it closes below the support level of Rs 151.8, it may fall to Rs 141 in the near future.

Kunal Kamble, Senior Technical Analyst, Bonanza also said, currently IREDA is forming a double bottom pattern with a neckline around Rs 168. Breakout above this level can provide new business opportunities. The stock is trading above its 20 and 50 EMAs, but remains below 200 EMA at around Rs 163.98. This positivity indicates a short-term trend, whereas in the long term this trend has not yet moved towards bullishness. The momentum indicator has turned flat after a throwback, indicating weak momentum so traders should wait for a definite breakout above Rs 168 before taking new positions.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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