Waaree Energies shares witnessed significant selling pressure during Monday's trading session, declining 4.68% to hit an intraday low of Rs 2,724.30 on the BSE. The stock opened at Rs 2,856.45 against the previous close of Rs 2,866.60, extending its bearish trend for the eighth consecutive trading session.

Trading Activity and Volume Analysis

The solar energy company experienced exceptionally heavy trading activity during the session:

The substantial increase in trading volume, with 1.54 lakh shares changing hands compared to the 2-week average of 0.50 lakh shares, indicates heightened investor activity amid the price decline.

Recent F&O Inclusion Impact

Despite the National Stock Exchange including Waaree Energies in the Futures & Options segment effective from the January series beginning December 31, 2025, the stock has continued to face selling pressure. The company joined Swiggy and Premier Energies in gaining admission to the derivatives segment, yet this development has not provided immediate support to the share price.

Performance Across Multiple Timeframes

The stock's performance reveals consistent weakness across various periods:

The three-month decline of 20.64% represents the most significant drop among all measured periods, highlighting the intensifying selling pressure in recent months.

Technical Analysis and Market Position

Technical indicators paint a bearish picture for Waaree Energies:

The RSI reading of 34.70 suggests the stock is moving closer to oversold conditions, with readings below 30 typically indicating potential buying opportunities. However, the stock's position below all significant exponential moving averages confirms the prevailing bearish sentiment.

Leadership Transition Context

The recent trading weakness coincides with significant leadership changes at the company. CEO Amit Paithankar resigned from his position, with the board appointing Jignesh Rathod as the new CEO. The board acknowledged Paithankar's contributions in strengthening operational capabilities and expanding the company's market footprint during his tenure.

Premier Energies has successfully completed the first tranche of its strategic acquisition in Transcon Industrial Limited, acquiring a 34.21% equity stake for ₹250.00 crores. The company disclosed the transaction completion in its regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations on December 24, 2025.

Transaction Overview

The acquisition represents a significant milestone in Premier Energies' expansion strategy through targeted equity investments. The company acquired 52,009 equity shares of Transcon Industrial through a preferential allotment on a private placement basis, establishing itself as a major stakeholder with over one-third ownership.

Acquisition Structure and Timeline

The acquisition is being undertaken pursuant to the Share Subscription and Shareholders Agreement dated October 23, 2025, which was subsequently amended. The agreement provides for a tranche-based acquisition structure linked to Transcon Industrial's capital expenditure requirements and fulfillment of conditions precedent, without any change in valuation or overall consideration.

Strategic Implications

This ₹250.00 crores investment establishes Premier Energies as a significant stakeholder in Transcon Industrial Limited. The substantial 34.21% ownership position provides the company with considerable influence in the target company's strategic decisions and operations.

The tranche-based approach allows Premier Energies to manage its capital deployment efficiently while ensuring alignment with Transcon Industrial's operational milestones. The remaining equity shares acquisition will proceed in due course, subject to the fulfillment of conditions precedent outlined in the amended agreement, ultimately targeting a controlling 51% shareholding in the target company.