Waaree Group Stocks Crash After IT-Dept Raid: Waaree Energies, Waaree Renewable Fall Up To 6%; Comparison Here

Three Waaree Group stocks are in focus on Wednesday, after Waaree Energies reported that Income Tax department raided its premises. The stock price of Waaree Energies crashed by nearly 6% in the opening bell, while its sibling Waaree Renewable also faced selling pressure. Another sibling Waaree Technologies, is also marginally down. These stocks hold a strong record of dividend payout, bonus and stock splits in the post-pandemic era.

Waaree Energies IT Department Raid:

In its regulatory filing, Waaree Energies said, "We hereby inform that today certain officials of the Income Tax Department visited some of the Company's offices and its facilities in India for conducting investigation under the Income Tax Act, 1961."

It added, "The proceedings are underway and the Company is extending its full co-operation to the officials."

Meanwhile, media reports said that the IT-dept's latest probe includes nearly 25 teams from Mumbai, Chikhli and Vapi. The investigation was reportedly began in the company's Chikhli-based 5.4 GW solar cell Gigafactory.

Waaree Energies Share Price:

At the time of writing, Waaree Energies share price dropped by 4.21% to trade at Rs 3145 apiece on BSE, with market cap of Rs 90,563.74 crore. In the early deals, the stock crashed by at least 6% to hit an intraday low of Rs 3085 apiece.

During the previous weekend, on November 15, Waaree Energies informed that its wholly-owned subsidiary Sangam Solar One has set up 2 solar module line manufacturing facility having annual

capacity of 750 MW each totaling to 1500 MW at its factory at Samakhiali-Kutch, Gujarat,

India and has commenced operations at such facility with immediate effect.

In its Q2FY26, Waaree Energies successfully commissioned additional ~3 GW solar module manufacturing facility at Chikhli, (Gujarat). Overall, the company's PAT stood at Rs 878.21 crore, reflecting a substantial 133.78% YoY surge. Meanwhile, revenue came in at Rs 6,226.54 crore, recording nearly 70% YoY jump.

Waaree Energies is the newly listed company from Waaree Group. Last month, the company turned ex-dividend for its first ever dividend payout of Rs 2 per share.

Also, Waaree Energies has approved an additional capex of Rs 8,175 crores on October 1, 2025 to expand capacity.

Waaree Renewable Technologies Share Price:

This renewable stock of Waaree Group dropped by nearly 3.2% to hit an intraday low of Rs 1092.00 apiece. At the time of writing, the stock is performing at Rs 1113.60 apiece, down by 1.2% with a market cap of Rs 11,613.59 crore.

Among the three Waaree Group stocks, Waaree Renewable has given the most rewards to investors. The company has delivered Rs 1 dividend per share each in 2025, 2024 and 2023. While it also turned ex-split in March 2024 in the ratio of 1:5, where face value of Rs 10 was sub-divided to Rs 2 each.

Waaree Renewable Technologies (WRTL) operates under the Waaree Energies, spearheading the Renewable EPC sector. Waaree has successfully installed 10,000+ solar projects, with a total operating capacity of 3.95 GW.

Waaree Technologies Share Price:

At present, Waaree Technologies plunged by 1.6% to trade at Rs 236.95 apiece. The stock is near its intraday low of Rs 234 apiece.

Unlike other Waaree companies, Waaree Technologies only holds the record of rewarding bonus shares in the ratio of 2:5 and its ex-date was in November 2020.

WTL is an international level high tech energy storage division of the world renowned Waaree group.