Waaree Renewable Technologies shares drop 8% despite strong Q1 results
after close1 source ↓written by the desknot a recommendation
- to a one-month
- 8.16%
- one-month low
- ₹936
- despite reporting
- 23 July 2023
- despite reporting
- 53.2% YoY revenue growth
- in Q1 FY27
- ₹924.25 cr
Shares of Waaree Renewable Technologies fell 8.16% to a one-month low of ₹936 on 23 July 2023 despite reporting 53.2% YoY revenue growth to ₹924.25 cr in Q1 FY27. The decline was attributed to a 16.2% QoQ drop and a contraction in EBITDA margin. The stock has lost 6% in the past week and 3% YTD.
Not investment advice. For informational purposes only.