However, at 11:25 AM, the shares pared the gains and were trading 1.04 per cent lower at Rs 2,397.55 per share, In comparison, BSE Sensex was trading 0.18 per cent higher at 76,544 levels.
The initial rise in Waaree Energies share price came after the company announced that its arm, Waaree Solar Americas Inc. has started its commercial production of 1.6 GW Solar Module line at its Unit situated at Brookshire, in Texas, USA.
In an exchange filing, Waaree Energies said, “This is to inform you that Waaree Solar Americas Inc. wholly owned subsidiary of the Company, has today started its commercial production of 1.6 GW Solar Module line at its Unit situated at Brookshire, in the state of Texas, USA.”
