Waaree Energies is a leading player in India's solar PV module manufacturing sector, according to Jefferies. (Photo source: Unsplash)
Jefferies initiated coverage on Waaree Energies Ltd. with a 'hold' rating, and a target price of Rs 2,030 apiece. The brokerage is 'making hay while the sun shines', it said.Favourable government policies, increasing demand for solar installations, and global shift away from Chinese-made modules are positives, according to the brokerage. The long-term sustainability of the company depends on its ability to adapt to market adjustments...