Waaree Energies’ shares surged 14.4% to Rs 2,505.85 after reporting a 296% YoY rise in net profit to Rs 493 crore for Q3FY25. Revenue from operations rose 117% YoY to Rs 3,457 crore, though it declined 3.2% sequentially. Profit after tax (PAT) increased by 36% from the previous quarter, reflecting strong growth despite a slight revenue dip.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays