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Premier Energies’ shares have a huge decline in shares, 14% broken price from day high, brokerage gave a target of ₹ 840 – Premier Energies Share Price Falls 14 Percent from Intraday High after Q3 Results Brookerage SEE 22 percent dawnside

Premier energies shares: Premier Energy shares today declined strongly after the announcement of the December 4 quarter results on 4 February. The share price fell 14% from Rs 1,177.60 to Rs 1,015.05 at a low of Rs 1,015.05. Around 12.45 pm, the company’s shares were trading down 5 per cent on NSE. An important reason behind the decline in the company’s shares was also the report of Kotak Institutional Equities. Kotak has maintained the rating of its ‘Sell (SELL)’ on premiere energy shares but has increased its target price to ₹ 840 per. This is estimated to decline about 22% in the company’s shares from Monday’s closed price.

Kotak said in its report that the results of the third quarter of Premier Energy were 32% better than its estimate. There were reasons such as strong cell revenue and low cost on other sources behind this. The company has got a good bounce in cell orders this quarter, which is likely to get a short-term to the company’s margin. Brokerage said that further increase in production capacity would be important for the profit of premiere energy.

Meanwhile, brokerage firm Nuwama Institutional Equities have not given any ratings on stock. However, he said that premiere energy remains optimistic about the growth of solar energy sector in India. According to brokerage, this sector may move forward due to increasing demand, favorable government policies and better technology.

Premier Energe plans to focus on the domestic market, especially after the Almm is implemented from June 2026. In addition, PM Surya Ghar Free Power Scheme (25-30 GW), PM Kusum Scheme (35 GW) and CPSU Scheme-Policies like Phase II (1.2 GW) are expected to promote demand in the coming 2-3 years. .

Premier Energy’s net profit in the December quarter increased to Rs 255.2 crore crore. However, it made a profit of Rs 36 crore from other sources, which was Rs 2 crore last year. Apart from this, a tax of ₹ 21 crore was reversed. The company’s revenue rose 140.6 per cent to Rs 1,713 crore in the December quarter. At the same time, the operating margin increased to Rs 513.7 crore.

However, during this period, the company’s net debt has also increased. At the end of the quarter, the net date was ₹ 1,917 crore, which was ₹ 1,193 crore last year and ₹ 1,017 crore in the last quarter.

Premier Energyz said that the company is planning to set up a 7 GW sale and 9.1 GW module capacity by June 2026. At the end of the December quarter, the company had 4,539 MW orders, which cost ₹ 6,946 crore. Of these, 63% were modules and 36% cell orders.

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