India's Waaree Energies rises as unit enters specialty gases business
25/09/2026 05:15
BUZZ-India's Waaree Energies rises as unit enters specialty gases business ** Shares of Waaree Energies WAAN.NS rise upto 1.4% to 2,516 rupees
** Waaree Clean Energy Solutions, a unit of WAAN, enters India's specialty gases business, targeting semiconductor and solar cell manufacturers
** Co is building a specialty gases plant at Dahej, Gujarat, aiming to reduce India's dependence on imported high-purity gases and chemicals
** Planned facilities include specialty gas warehousing, ultra-high-purity ammonia purification, phosphine/hydrogen mixing, and supply of ultra-high-purity oxygen and hydrogen
** Fourteen analysts have a "buy" rating on avg; median PT is 3,190 rupees - data compiled by LSEG
** YTD, WAAN down ~15%
(Reporting by Urvi Dugar in Bengaluru)
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