Shares of Waaree Energies and Premier Energies fell sharply following the US House of Representatives' approval of President Trump's tax proposal.
Concerns arose due to the proposed phase-out of clean energy incentives, including tax credits for solar energy installations, which could impact the global clean energy sector.
Waaree Energies, heavily reliant on the US market, might face challenges as the tax bill threatens to reduce support for solar installations.
Premier Energies, with limited exports, could also be affected by policy uncertainty, despite a smaller short-term impact compared to Waaree Energies.