Stock market today, Jan. 31 -- Shares of Waaree Energies, one of India's leading renewable energy companies, rose by 14% in early morning trade on January 31, reaching Rs.2,505, following the release of the company's December quarter performance, which exceeded Street estimates.

The company, on Thursday after market hours, reported a 260% improvement in its consolidated net profit to Rs.507 crore, compared to Rs.141 crore in the same quarter a year ago. Its revenue from operations surged 117% to Rs.3,458 crore in the October to December quarter of the financial year 2024-25, up from Rs.1,596 crore in the same quarter a year ago.

The company's primary source of revenue, from Solar Photovoltaic modules, rose 122% to Rs.3,108 crore in the ...