Why KPI Green Energy Shares and Waaree Energies Shares Are Rising Today: Prices, the Reported Rs 15,000 Crore Green Ammonia Plan, Q2 and Q1 Numbers, and What Is and Is Not Confirmed
- November 11, 2026
- Posted by: Ankit Jaiswal
- Category: News
KPI Green Energy shares rose ~2% to Rs 347.75 and Waaree Energies ~5% (high Rs 2,613.30) on 11 Nov 2026. Waaree: reported Rs 15,000 cr green ammonia plan, unconfirmed.
Quick Answer
KPI Green Energy shares rose nearly 2% to Rs 347.75 and Waaree Energies shares rose about 5% to a high of Rs 2,613.30 on 11 November 2026. A reported Rs 15,000 crore green ammonia plan was cited for Waaree; no trigger was found for KPI Green.
KPI Green Energy shares and Waaree Energies shares rose on Wednesday 11 November 2026 as the Sensex and Nifty hit an eight-month high. KPI Green Energy rose nearly 2% to Rs 347.75, and Waaree Energies gained about 5% to an intraday high of Rs 2,613.30 on a reported plan for a green ammonia plant. This note sets out the prices, what is reported and what is confirmed, and the results context. It does not say whether the rise will last.
Prices are time-stamped to market reports from about 10 AM to 11 AM IST and may differ from the live quote on NSE or BSE. The headline of the source says over 5%, while the body says 4.91% for Waaree and nearly 2% for KPI Green, so I use the body figures.
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KPI Green Energy and Waaree Energies Prices on 11 November
| Measure | KPI Green Energy | Waaree Energies |
|---|---|---|
| KPI Green Energy shares: move on the day | Up nearly 2% to Rs 347.75 | Up 4.91% to 5.07% around Rs 2,565 to Rs 2,613.30 |
| KPI Green Energy shares: previous close and open | Not given | Close Rs 2,444, open Rs 2,450 |
| KPI Green Energy shares: day range | Not given | Rs 2,449.80 to Rs 2,613.30 |
| KPI Green Energy shares: volume | About 72.25 lakh shares | Not given |
| KPI Green Energy shares: market capitalisation | Not given | About Rs 70,302 crore |
| KPI Green Energy shares: 52-week range | Not given | Rs 2,161.50 to Rs 3,557 |
Prices for Waaree vary between 4.91%, 5.02%, 5.07% and 5.52% because the sources timed the move at different minutes. Waaree Energies also outperformed its sector, which was up 1.58% against the Sensex up 1.46% at around 10 AM, per MarketsMojo, and its futures open interest rose 11.93% to 67,277 contracts. Open interest shows positioning, not direction. For KPI Green Energy, the source says the rally was not backed by any specific fundamental trigger, so the 72.25 lakh shares traded tell us about activity and not about a reason.
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Why Waaree Energies Shares Rose: The Reported Green Ammonia Plan
| Item | What is reported | Status |
|---|---|---|
| KPI Green Energy shares: plan | About Rs 15,000 crore for a green ammonia plant in Kakinada SEZ, Andhra Pradesh | Per The Economic Times, as cited by India IPO |
| KPI Green Energy shares: capacity | 1.2 million tonnes a year | Reported |
| KPI Green Energy shares: land | Nearly 300 acres reportedly acquired | Reported |
| KPI Green Energy shares: timing | May be formally announced at the two-day Andhra Pradesh Investment Summit in Visakhapatnam | MoU with the state expected, not confirmed |
| KPI Green Energy shares: company statement | Not found in the sources I read | Unconfirmed |
| KPI Green Energy shares: other Andhra Pradesh plan | In-principle approval for a Rs 8,175 crore battery gigafactory | Date not stated in the source I read |
The green ammonia story is a media report and not a company announcement in the sources I read, so treat the Rs 15,000 crore figure and the 1.2 million tonne capacity as unconfirmed. A separate green ammonia project at Kakinada, by AM Green at about Rs 13,000 crore and 1.5 million tonnes, is a different company’s project and should not be mixed up with this report. A formal announcement or an MoU would show the plan’s real size and timing.
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Waaree Energies Q2 FY27 Results: Revenue Up, Profit Down
| Metric | Q2 FY27 | Comparison |
|---|---|---|
| KPI Green Energy shares: revenue | Rs 7,664.81 crore | Up about 24%, per Economic Times as cited by a data site |
| KPI Green Energy shares: net profit | Rs 718.68 crore | Down about 15% year on year |
| KPI Green Energy shares: P/E ratio | About 20.8 | Bajaj Broking page, 11 November |
| Waaree Energies shares: rating | A downgrade to a Sell grade on one quantitative rating site | A model rating and not a view from the company |
| Waaree Energies shares: one-year return | Down 22.68% | India IPO; down 13.18% so far in 2026 |
Profit fell even as revenue rose, so the market is looking at expansion plans and not at the Q2 profit trend alone. The recent recovery is modest: Waaree is up 6.56% in a week and 10.46% in a month, but still about 28% below its Rs 3,557 52-week high (my arithmetic). A pending expansion does not change the profit trend until it is built and running.
KPI Green Energy: Recent Results and Execution
| Item | Figure | Note |
|---|---|---|
| Waaree Energies shares: Q1 FY27 profit | Rs 94.6 crore | Down 15.02% from Rs 111.32 crore |
| Waaree Energies shares: Q1 FY27 revenue | Rs 693.84 crore | Up 15.08% |
| Waaree Energies shares: management change | CFO resigned on 11 August | Shares fell 6.08% to Rs 346.80 that day |
| Waaree Energies shares: capacity energised in Q2 | 630 MW DC or more | Multibagg report; solar and hybrid in Gujarat |
| Waaree Energies shares: returns | Up 13.56% in a week, down 30.68% in a year | India IPO |
| Waaree Energies shares: Q2 FY27 results | Not found in the sources I read | Check the exchange filing |
Profit fell in Q1 as interest and depreciation rose with a growing owned asset base, per the Sahi note. The stock is still about 31% lower over a year, so the 13.56% weekly gain is a bounce from a low base and not a recovery to earlier levels. The Q2 result will show whether the energised capacity is turning into profit.
Checklist and Risks
| Investor situation | Questions to consider |
|---|---|
| Waaree Energies shares: existing holder | Is the 11 November move a news reaction or part of a market rally, and does that change my plan? |
| Waaree Energies shares: new investor | Have I read the filing and not only the green ammonia report? |
| Waaree Energies shares: short-term trader | Can I handle a reversal if the report is not confirmed at the investment summit? |
| Waaree Energies shares: long-term investor | Do margin pressure, funding needs and policy risk fit my time horizon? |
The main risks are an unconfirmed plan that is never formally announced, margin pressure in solar manufacturing, funding and interest costs for developers, policy and trade rules, and sharp swings in small renewable names after a market-wide rally. Univest does not recommend any security.
Conclusion
KPI Green Energy shares rose nearly 2% to Rs 347.75 and Waaree Energies shares rose about 5% to Rs 2,613.30 on 11 November, with a reported green ammonia plan cited for Waaree and no trigger found for KPI Green. Both are still well below their yearly highs. Read the filings and consult a SEBI-registered adviser before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on KPI Green Energy Shares and Waaree Energies Shares
Why are KPI Green Energy shares rising today?
Ans. The stock rose nearly 2% to Rs 347.75 on high volume of about 72.25 lakh shares, amid a broad market rally. The source says there was no specific fundamental trigger.
Why are Waaree Energies shares rising today?
Ans. Waaree rose about 5% to an intraday high of Rs 2,613.30 on reports that it plans a Rs 15,000 crore green ammonia plant in Kakinada, and the broader market was also higher. The plan is reported and not yet confirmed.
Is the Waaree green ammonia plan confirmed?
Ans. No. It is cited from The Economic Times, and the source says it may be announced at the Andhra Pradesh Investment Summit with an MoU. I found no company statement.
What were Waaree Energies' Q2 FY27 results?
Ans. Revenue was about Rs 7,664.81 crore, up about 24%, and net profit was about Rs 718.68 crore, down about 15% year on year, per data sites citing the filing.
What were KPI Green Energy's latest results?
Ans. In Q1 FY27 profit fell 15.02% to Rs 94.6 crore on revenue up 15.08% to Rs 693.84 crore. I could not find the Q2 FY27 results in the sources I read.
How far are these stocks from their highs?
Ans. Waaree's 52-week high is Rs 3,557, so Rs 2,565 is about 28% below by my arithmetic. KPI Green is down about 30% over a year, and its high was not in the sources.
Why do the percentage moves differ between reports?
Ans. The reports timed the move at different minutes. Waaree shows 4.91%, 5.02%, 5.07% and 5.52% in different sources, and the headline of one says over 5% while its body says 4.91%.
Should I buy KPI Green or Waaree Energies shares now?
Ans. Univest does not recommend any security. A reported plan, falling profit at one company and a broad market rally all matter, so read the filings and consult a SEBI-registered adviser.
