Result was just an eye wash i think. FY25 will be huge for waaree tech as 2gw plant is completed in may itself as per my scuttlebutt. (officially they haven’t announced yet).
Is is still significant part of your portfolio despite the poor results constinuously. Management isn’t clearing anything on their future plans but working behind the scenes. Any comments or updates you would like to share?
Hi Ankit, I reduced my investment and had managed to book some profit intially at high level, but this was a stock that came with its lessons. I was expecting the government to announce solar battery-related PLI, but not much materialized. Additionally, Waaree Tech’s management didn’t share their plans at all.
Given the government’s focus on promoting EMS companies and their extensive global customer base, the EMS sector is expected to perform well. Dixon, Kaynes, and Syrma SGS are promising investment options, with SGS having the most attractive valuation among them. According to promoters’ estimates, FY24-25 growth is projected at 40-45%, with around 35% growth expected in subsequent years. However, as these figures come from the promoters, exercise caution. I currently hold investments in Dixon and Kaynes and plan to add Syrma SGS soon.
DISCLAIMER: This is not financial advice. I am not a SEBI-registered investment advisor. Please do your own research before making investment decisions.