Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’ rating, saying downside may remain limited, though tariff outcomes, appeals and potential spillover effects remain key factors to monitor.
Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’ rating, saying downside may remain limited, though tariff outcomes, appeals and potential spillover effects remain key factors to monitor.
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The shares of Waaree Energies crashed nearly 5% on Monday after the US Customs and Border Protection (CBP) ruling, with JM Financial highlighting the possible impact on the company's reputation even after the solar module-maker issued a clarification.The shares of the company dropped to Rs 2,860.40 apiece on NSE on Monday morning, the lowest level seen by the stock since March 17 this year. The US Customs and Border Protection had initiated a formal investigation into Waaree and its US subsidia…
