Premier Energies shares jumped 9% today; can stock revisit record high level?
Premier Energies Ltd shares on Tuesday surged 10.27 per cent to hit an intraday high value of Rs 1,184.10. The stock eventually settled 8.72 per cent higher at Rs 1,167.50. However, it has slipped 7.70 per cent from an all-time high of Rs 1,264.90, a level seen on September 10, 2024.
The solar equipment maker recently said it has “received and accepted multiple orders aggregating to Rs 560 crore from two large independent power producers (IPPs) and others.” These orders include Rs 513 crore for solar modules and Rs 47 crore for solar cells, it added.
Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, said the stock has been attracting investor attention following ‘multiple’ order wins. “Market participants should…
