Shares of Waaree Renewable Technologies are expected to remain in focus on Tuesday, January 27, after the company announced plans to acquire a 55% stake in Associated Power Structures Limited (ASPL), marking a key move in the power infrastructure segment.
In an exchange filing dated January 26, 2026, the company informed that its Board of Directors has approved entering into a binding term sheet to acquire an approximately 55% stake in Associated Power Structures Limited (ASPL) for a total consideration of around Rs 1,225 crore. The deal will be executed through a mix of primary and secondary investments, subject to the completion of due diligence and other customary closing conditions.
Associated Power Structures Limited, incorporated in 1996, operates in the power transmission and distribution segment, serving the broader infrastructure sector. Following the completion of the proposed acquisition, ASPL will become a subsidiary of Waaree Renewable Technologies.
The company made the disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI circular dated December 31, 2024.
The proposed acquisition is expected to strengthen Waaree Renewable Technologies’ presence in the power infrastructure value chain and could be a key trigger for the stock in the near term.
In the previous trading session on Friday, shares of Waaree Renewable Technologies closed 3.10% lower at Rs 873.75 on the NSE.
On the valuation front, the stock is trading at a price to earnings ratio of 21.88 and a price to book ratio of 20.02, as per available data.
Technically, Trendlyne data shows the 14 day Relative Strength Index (RSI) at 38.8, indicating the stock is approaching oversold territory. RSI below 30 is considered oversold, while above 70 signals overbought conditions.
Further, the stock remains under pressure on the technical charts, as it is trading below all eight key simple moving averages, reflecting a bearish short term trend.
Source: Economic Times