Daily Brief India: Waaree Energies, Nuvama Wealth Management, Anand Rathi Share and Stock Brokers and more

In today’s briefing:

Waaree Energies Under US Scrutiny: A Solar Powerhouse Faces Tariff Probe

The U.S. Customs and Border Protection (CBP) has launched a formal investigation into Waaree Energies, alleging the company evaded anti-dumping and countervailing duties by mislabeling Chinese-made solar products as Indian.
The probe, initiated by a U.S. domestic manufacturing coalition, directly threatens India’s growing solar exports to the U.S. and highlights the complexities of global supply chains.
This investigation introduces significant regulatory and financial risk for Waaree Energies, and the outcome will be a crucial for its ability to participate in the U.S. market.

Nuvama Wealth is capitalizing on India’s burgeoning financialization trend, with its re-branding and strategic focus on affluent and ultra-high-net-worth individuals (UHNIs) driving strong growth in client assets and profitability.
As India’s wealth management market matures and faces increasing regulatory scrutiny, Nuvama’s differentiated model position it uniquely to capture a larger share of the shifting landscape.
Nuvama’s integrated platform and execution-focused management team are navigating industry-wide challenges, from tightening regulatory framework to sustain a growth trajectory that is outperforming peers and creating long-term value.

Anand Rathi Share and Stock Brokers, a three-decade-old full-service brokerage house, is set to go public with a fresh issue to fund its working capital and expansion.
The offering provides a window into a mature, brand-led brokerage with an industry-leading Average Revenue per Client (ARPC) and a strong presence across Tier I, II, and III cities.
The company’s structural strengths, including its Margin Trading Facility (MTF) business and client vintage, position it for sustained growth in India’s evolving capital markets.

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network