Liquidity & Technicals
"Figures converted from INR at historical FX rates — see data/company.json.fx_rates. Ratios, margins, and multiples are unitless and unchanged."
Liquidity & Technicals
Waaree is institutionally tradable at moderate size: $67.8M clears in five trading days at 20% ADV participation, supporting funds up to roughly $1.36B for a 5% position. The tape is bullish — price has recovered above both the 50-day and 200-day SMAs after a Jan 2026 death cross, with RSI at 68 confirming momentum without yet signaling exhaustion.
5-Day Capacity at 20% ADV ($M)
Max Position % Mcap (5d, 20% ADV)
Supported Fund AUM @ 5% Wt ($M)
ADV 20d as % of Mcap
Technical Score (+3 to −3)
Institutionally tradable but size-aware. Daily value traded averages $64.3M (20d), supporting a $67.8M build over five days. However, median daily range of 2.85% implies elevated execution friction for block-sized orders. The recent death cross (Jan 2026) has been invalidated by the price rally back above both MAs, but the cross has not formally reversed to a golden cross — the 50-day SMA ($32.61) remains below the 200-day ($33.32).
Price Snapshot
Current Price ($)
YTD Return (%)
1-Year Return (%)
52-Week Position (%)
Realized Vol 30d (%)
Price History — Full Listing Period with 50/200 SMA
Price is above the 200-day SMA ($33.32) by 12%. The stock listed in Oct 2024 at ~$27.32, spiked to $42.48 within days, then spent five months grinding down to $24.48 (Apr 2025). A sharp recovery rally from the Apr 2025 lows carried the stock above both moving averages by mid-2025, peaking near $42.11 in Sep 2025. The Nov 2025–Jan 2026 sell-off forced a death cross on 15 Jan 2026, but the subsequent V-shaped bounce from $25.62 has reclaimed both MAs. This is an uptrend with high volatility — characteristic of a recently-listed, high-growth industrial name.
Death cross on 15 Jan 2026 — the 50-day SMA ($32.61) remains below the 200-day ($33.32). Price has rallied above both, but the formal golden cross has not yet occurred. Watch for the 50d to cross back above the 200d as a confirmation signal.
Relative Strength Since Listing
Benchmark comparison (INDA) was unavailable for this ticker. The chart shows Waaree's absolute performance rebased to 100 at listing. The stock is up roughly 50% from its listing price, with two major drawdowns (Jan–Apr 2025 and Nov 2025–Jan 2026) each pulling back 30–40% before recovering. The pattern is one of high-beta momentum: sharp rallies followed by equally sharp corrections.
Momentum — RSI & MACD
RSI at 67.8 — approaching overbought territory but not there. The indicator touched deeply oversold territory (24–28) in Dec 2025–Jan 2026 before the recovery rally pushed it back to the upper band. Near-term momentum is constructive but running warm.
MACD histogram has just flipped to -0.03 from positive territory — an early warning that near-term momentum is fading after the April rally. The MACD line ($1.25) remains above signal ($1.29) by a thin margin. This does not invalidate the uptrend, but suggests the current leg may need to consolidate before pushing higher.
Volume, Volatility & Sponsorship
Volume has been lumpy — characteristic of a recently-listed stock with event-driven interest. The massive spikes (Sep 2025 at 12.9M shares, Aug 2025 at 14.5M, Apr 2025 at 21.4M) coincide with sharp price moves, suggesting institutional block activity. Baseline volume between events runs well below the 50-day average of 2.1M shares, pointing to a name where liquidity comes in bursts rather than continuously.
Realized volatility at 38.4% sits near the p20 boundary (37.8%) — the "calm" end of this stock's range. Post-listing vol peaked at 85% before settling into a 40–55% normal band. The current reading suggests the market is not pricing in elevated risk, which is constructive for trend-followers but also means a volatility expansion (gap up or down) could come without warning. ATR(14) at $1.18 represents roughly 3.2% of the current price.
Institutional Liquidity
ADV 20d (Shares)
ADV 20d ($M)
ADV 60d (Shares)
ADV 20d as % of Mcap
Annual Turnover (%)
Annual turnover of ~158% is elevated — consistent with a recently-listed stock attracting speculative and event-driven flow. ADV of $64.3M (20d) is adequate for most mid-cap fund strategies but not deep enough for mega-cap allocation sizes.
Execution friction proxy: median 60-day daily range is 2.85% — above the 2% threshold, flagging elevated intraday impact cost for large orders. Market-impact should be modeled conservatively for positions exceeding 0.5% of market cap.
The largest position that clears in five trading days at 20% ADV participation is approximately 0.63% of market cap ($67.8M). At 10% ADV, that drops to 0.32% ($33.9M). For a fund taking a 5% position, this stock supports fund sizes up to $1.36B at the more aggressive participation rate and $678M at the conservative rate.
Technical Scorecard & Stance
Stance: Bullish on the 3–6 month horizon (total score: +3). Waaree has reclaimed both moving averages after a textbook V-shaped recovery from the Jan 2026 lows, volatility is compressing, and the stock sits in the upper third of its 52-week range with room to the all-time high. The two levels that change the view: a decisive close above $41.20 (all-time high) confirms the bull case and invalidates the death cross as a false signal; a close below $33.05 (near the 200-day SMA) would confirm the death cross, reopen the bear case, and warrant de-risking. Liquidity is not the constraint for most mid-cap mandates — a 5% position is implementable for funds up to ~$1.36B at 20% ADV over five days — but the elevated daily range (2.85%) means execution should be patient, using VWAP or multi-day building strategies rather than aggressing into the tape.