Waaree Energies shares closed 3 percent lower on Friday as overall sentiment in the markets was bearish. As global markets faced selling, Indian equities traded lower for most of the session.

Waaree Energies, Angel One, Manappuram Finance, Tata Tech, Delhivery, PayTM and CoForge Limited were among major gainers in today's trade.

Emkay Research has reiterated its BUY recommendation on Waaree Energies, maintaining a target price of Rs4,260 against the current market price of Rs2,709, implying an upside of over 57%.

Motilal Oswal has initiated coverage of Waaree Energies Limited (WEL) with a strong Buy rating and a target price (TP) of Rs 4,000 per share.

Waaree Energies share price declined 2.11 percent on Friday. The company has witnessed nearly 17 percent decline this year, mainly due to selling in Indian markets.

Waaree Energies share price declined by 1.5 percent on Friday.