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In the cash market, the Nifty 50 index surged 66.95 points or 0.28% to 24,317.15.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 1.22% to 12.16.
Mahindra & Mahindra, Infosys and Waaree Energies were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The August 2026 F&O contracts will expire on 25 August 2026.
Suzlon Energy is powering Waaree Group's maiden wind project in Andhra Pradesh through a 201.6 MW order from Waaree Forever Energies (WFEPL), the group independent power producer (IPP) arm.
Under the project, Suzlon will install 64 nos. of its flagship S144 wind turbine generators (WTG) with rated capacity of 3.15 MW each in Andhra Pradesh. Suzlon will deliver its comprehensive EPC offering, covering land acquisition, turbine supply, balance of plant, commissioning and life time operations and maintenance.
The company said the order does not constitute a related-party transaction. It also clarified that neither its promoters nor members of the promoter group have any interest in the award of the contract.
Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026.
Shares of Waaree Energies rose 0.17% to Rs 2,835 on the BSE.
Waaree Energy Storage Solutions (Waaree ESS), a subsidiary of Waaree Energies, today announced the commencement of its Battery Energy Storage System (BESS) Container Manufacturing Facility.
This BESS Container Manufacturing facility is of 5.15 GWh - uprated from an originally planned 3.5 GWh, driven by debottlenecking of production throughput and improved energy density of battery cells. The facility is equipped with advanced Industry 4.0 technologies, Automated Guided Vehicles (AGVs), intelligent material handling, automated assembly lines, and advanced testing and quality assurance systems.
The BESS container facility is the first milestone in Waaree ESS's manufacturing roadmap of 20 GWh. In the current financial year, the company intends to operationalize below facilities:
Separately, Waaree Energies clarified that a recent determination by the U.S. Customs and Border Protection (CBP) has no impact on its ongoing manufacturing, customer deliveries or commercial operations. The company said the findings were limited to a narrow subset of historical import entries and did not conclude that it had exported solar modules made using Chinese-origin solar cells to the United States.
Waaree added that the CBP acknowledged its full cooperation, drew no adverse inference against the company and declined to make an evasion finding covering all of its imports. It also said the determination is not final and that it is evaluating available legal remedies.
A domestic brokerage retained its 'Add' rating on the stock with a target price of Rs 3,185, saying the downside appears limited as the findings were restricted to certain historical import entries and did not affect the company's ongoing U.S. operations.
Shares of Waaree Energies rose 0.26% to Rs 2,893.75 on the BSE.
Waaree said the CBP confirmed that the company had fully cooperated throughout the investigation, drew no adverse inference against it and declined the petitioner's request to make an evasion finding covering all of its imports. The company added that the determination is not a final adjudication and that it is evaluating all available legal remedies, including administrative and judicial review.
The clarification follows a CBP determination issued on 23 June 2026 in an investigation into the alleged evasion of anti-dumping and countervailing duties.
A domestic brokerage said the CBP's observation of a 'four-year history of reporting the wrong country of origin' could weigh on Waaree's reputation and potentially impact a significant portion of its Rs 53,000 crore order book.
However, the brokerage said the downside appears limited as the CBP confirmed that Waaree had sufficient non-Chinese solar cell production to support its US shipments, did not apply a blanket adverse-inference ruling and restricted its findings to certain historical import entries linked to Vietnam and Malaysia.
The brokerage retained its 'Add' rating on the stock with a target price of Rs 3,185. It said the key monitorables include the quantum of any retrospective duties, the outcome of Waaree's administrative or judicial appeal, and any spillover impact from the pending anti-dumping and countervailing duty proceedings covering India-origin solar imports.
Waaree reiterated that its US business continues to operate normally and that it remains committed to regulatory compliance, transparency and governance.
Mumbai-based Waaree Energies is a renewable energy company. It offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
On a consolidated basis, the company reported a 71.4% YoY jump in net profit to Rs 1,061.10 crore in Q4 FY26, compared with Rs 618.91 crore in the same quarter last year. Revenue from operations surged 111.8% YoY to Rs 8,480.25 crore for the quarter ended 31 March 2026.