Brokerage maintains buy on Waaree Energies after capex boost
PL Capital has maintained a 'Buy' rating on Waaree Energies, targeting ₹1 lakh crore revenue by FY31, supported by a ₹30,000 crore capex plan over the next few years. The strategy focuses on expanding its clean energy offerings and deeper supply chain integration.
pre-market1 source ↓written by the desknot a recommendation
- from FY26
- 30% CAGR
- in capital expenditures
- ₹30,000 crore
PL Capital has reiterated its 'Buy' rating on Waaree Energies, projecting a revenue target of ₹1 lakh crore by FY31, reflecting a 30% CAGR from FY26. To support this growth, the company plans to invest ₹30,000 crore in capital expenditures over the next 2-3 years, aiming to enhance its clean energy platform.
Not investment advice. For informational purposes only.