GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Waaree Energies Shares Dipped Following Tax Department's Office Visits

Waaree Energies Shares Dipped Following Tax Department's Office Visits

Post by : Bianca Haleem

On 19 November, Waaree Energies experienced a notable drop in shares after it announced that Income Tax Department officials had visited multiple offices and facilities. This information was made public through a filing with the exchange late Monday, where the company assured that it is fully cooperating with the ongoing proceedings.

Following the announcement, the stock faced immediate pressure when trading resumed on Tuesday. By 9:55 am, Waaree Energies had declined nearly 4% to Rs 3,156, even dipping as much as 6% during early trades. Despite this dip, the stock had shown a strong performance overall this year, achieving a 17% gain in 2025.

Market participants reacted with caution due to the ambiguity surrounding the visit, as the company has not provided additional specifics. Investors remained vigilant, anticipating further updates from official sources.

Currently, the acknowledgment of ongoing proceedings by the company has created a backdrop for potential short-term volatility, with the market closely monitoring any new developments.

Nov. 19, 2025 10:29 a.m. 2111
Global News UAE News Dubai

More Trending News

Featured Stories

Rescue Efforts Intensify in Nepal as Two Workers Are Found Alive
Sept. 5, 2026 4:12 p.m.
Two workers were saved from a Nepal tunnel as rescue ops continue for many trapped after severe floods.
Read More
Nepal Flood Rescue: Worker Pulled Alive From Tunnel
Sept. 4, 2026 5:53 p.m.
Nepal Army rescuers pull a worker alive from a Trishuli 3A tunnel as teams continue operations after severe flooding
Read More
Yemen Clashes Kill 81 as Houthi Offensive Escalates
Sept. 4, 2026 5:43 p.m.
Yemen clashes have killed 81 combatants as Houthi forces launch a major ground offensive near key Red Sea areas
Read More
OpenAI Unveils GPT-6 Astra Amid AI Safety Concerns
Sept. 4, 2026 4:49 p.m.
OpenAI unveils GPT-6 Astra as AI safety concerns grow over cyber risks regulation and advanced AI capabilities
Read More
Saudi Consumer Spending Surges 11.5% to $4.21 Billion
Sept. 4, 2026 4:41 p.m.
Saudi consumer spending jumped 11.5% to $4.21bn as food retail and back-to-school purchases increased
Read More
Madraj Camel Auction Opens in Saudi Arabia
Sept. 4, 2026 4:06 p.m.
Madraj Camel Auction opens in Qassim with camel sales hospitality and cultural activities during a 10-day event
Read More
US Investigates Alleged Missile Strike on Iran Wedding
Sept. 4, 2026 1:28 p.m.
US investigates claims that a missile hit an Iranian wedding killing at least four people and injuring dozens
Read More
Kuwait Arrests Four in Major Drug Bust
Sept. 4, 2026 10:03 a.m.
Kuwait authorities arrest four suspects and seize cocaine crystal meth, Captagon tablets and hashish in two drug cases
Read More
Wildfire in Northern Greece: Day Two of Firefighting Operations
Sept. 3, 2026 4:20 p.m.
A significant wildfire in Greece's Florina region enters its second day, leading to evacuations and intensified firefighting efforts.
Read More
Sponsored
Trending News
Two Palestinians Die After Gaza Airstrike Injuries

Two Palestinians Die After Gaza Airstrike Injuries

Two Palestinians die from airstrike injuries as Israeli bombardment continues in Gaza medical sourc
Aug. 24, 2026 4:24 p.m. 359
China Flood Death Toll Rises to 159 in Guangxi

China Flood Death Toll Rises to 159 in Guangxi

Floods in southern China have killed 159 people while 10 remain missing as Guangxi continues its re
Aug. 21, 2026 4:23 p.m. 354
Embracing Life's Unpredictability: Trust in Your Journey

Embracing Life's Unpredictability: Trust in Your Journey

Explore how embracing life's uncertainties and trusting the process can lead to growth and new oppor
June 26, 2026 12:59 p.m. 1904
Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Lebanon says 4,175 people have been killed and over 12,000 injured since Israeli attacks began in Ma
June 23, 2026 10:05 a.m. 2055
Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

A sprinkler malfunction at Gillette Stadium caused a water leak during halftime of the Iraq vs Norwa
June 17, 2026 5:16 p.m. 1839
Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s historic Pechersk Lavra monastery suffered major damage in a recent attack, and repairs could
June 17, 2026 12:11 p.m. 1998
Vozinha Becomes World Cup Hero After Spain Masterclass

Vozinha Becomes World Cup Hero After Spain Masterclass

Cape Verde goalkeeper Vozinha stunned Spain with a brilliant display in a historic World Cup draw, g
June 16, 2026 10:52 a.m. 2447
India A-Sri Lanka A Clash Sparks Vaibhav Controversy

India A-Sri Lanka A Clash Sparks Vaibhav Controversy

Young India A batter Vaibhav Sooryavanshi was involved in a heated altercation after Sri Lanka A's S
June 16, 2026 10:24 a.m. 1771