Brokerage maintains buy on Waaree Energies after capex boost
after close1 source ↓written by the desknot a recommendation
- revenue by FY31
- ₹1 lakh crore
- from FY26
- 30% CAGR
PL Capital has reiterated its Buy rating on Waaree Energies, targeting ₹1 lakh crore revenue by FY31, reflecting a 30% CAGR from FY26. To achieve this, the company plans an organic capex of ₹30,000 crore over the next 2-3 years, aiming to enhance its clean energy platform across various segments.
Not investment advice. For informational purposes only.