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Premier Energies: The stock of Premier Energies has experienced a remarkable ascent, climbing 18% to reach a new high of ₹1,188, following the company’s recent triumph in securing a substantial order. This impressive rise comes on the heels of a stellar 120% surge in its stock price on September 3, following its market debut. Over the course of just two days, the stock has surged by more than 30%, delivering a robust start for investors.
The recent order, valued at ₹215 crore, involves the supply, installation, and commissioning of 8,085 solar water pumping systems across various districts in Uttar Pradesh. The project, which includes a 5-year comprehensive warranty, is slated for completion by March 2025, as disclosed in a regulatory filing dated September 5.
This latest development has further fueled investor optimism, contributing to the stock’s continued upward trajectory.