Waaree Energies shares fall 15% in 9 days. What’s behind the slide?

Shares of Waaree Energies fell as much as 2.7% on Tuesday, extending a brutal sell-off to a ninth straight session and dragging the stock down nearly 15% in just over a week, while weak technical cues continued to weigh on investor sentiment despite a recent capital raise at the energy storage arm.The stock fell to a low of Rs 2,642 on the BSE on January 6, taking its cumulative decline over the past nine trading sessions to 14.6%. The continued decline came even as the company announced a fundraise of Rs 1,003 crore to support an ambitious expansion plan for advanced battery manufacturing.

9-day slide, bearish charts dominate

From a technical perspective, Waaree Energies is sending strong bearish signals. The stock is currently trading below all eight of its major simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, indicating continued weakness on the short-, medium-, and long-term charts. The momentum indicators also remain under pressure. The Relative Strength Index stands at 27.1, below the 30 mark widely considered oversold, a level that can sometimes indicate the possibility of a recovery. At the same time, the moving average convergence divergence is at -70.6 and remains below both the center and signal lines, reinforcing a strong bearish indicator.

Fundraising announced during sale

The decline has occurred even as the company informed stock exchanges on January 5 that its subsidiary, Waaree Energy Storage Solutions, had raised Rs 1,003 crore from strategic investors, including high-net-worth individuals, family offices and institutional lenders.

The fundraising is part of Waaree’s broader investment plan of Rs 10,000 crore to set up a 20 GWh advanced manufacturing facility for lithium-ion cells and battery packs, the company said in a statement. The proposed factory will focus on the production of high-performance cells and battery packs for utility-scale storage systems, electric mobility and distributed energy applications. “With this investment, Waaree Group is rapidly evolving into a fully integrated player in the energy transition, covering solar panels, inverters, batteries, energy storage systems and emerging clean energy technologies,” the company said, adding that the integration of storage generation would strengthen its ability to deliver end-to-end solutions critical to grid stability and renewable energy penetration.

Recent F&O recording

Waaree Energies was also among the four stocks added to the futures and options segment of the National Stock Exchange, with the contracts taking effect from December 31, 2025. The other additions were Bajaj Holdings and Investment, Premier Energies and Swiggy.Inclusion in the derivatives segment is generally seen as improving liquidity, visibility and trading capabilities for a stock while allowing investors to hedge their portfolios. Despite this, Waaree Energies shares have remained under persistent selling pressure in recent sessions.

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