Waaree Renewables Shows Trend Reversal Amid Broader Market Gains and Challenges

Waaree Renewables Technologies has shown significant activity today, gaining 9.59% as of March 5, 2025. This performance marks a notable trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 807.5, reflecting a 5.78% increase during the trading session.
In terms of market positioning, Waaree Renewables has outperformed its sector by 6.52% today. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging trend in the longer term.

In the broader market context, the Sensex has risen by 443.92 points to reach 73,449.29, following a flat opening. Despite this uptick, the Sensex remains 4.38% away from its 52-week low and is trading below its 50-day moving average. Small-cap stocks are leading the market, with the BSE Small Cap index gaining 1.76%.

Over the past month, Waaree Renewables has seen a decline of 14.22%, while its year-to-date performance stands at -37.70%. In contrast, the stock has shown remarkable growth over the past three, five, and ten years, with increases of 1236.56%, 34411.14%, and 40907.35%, respectively.