Rs 84,456 Million Order Book: Solar Stock Jumps 6.32 Per Cent with Heavy Volume on June 20; Details Inside

The stock is up by 36 per cent from its 52-week low is Rs 755.55 per share.

On Friday, shares of Premier Energies Limited jumped 6.32 per cent to Rs 1,028.50 per share from its previous 1,034.25 per share with an intraday high of Rs 1,034.25 and an intraday low of Rs 983.10. The stock’s 52-week high of Rs 1,387.10 per share while its 52-week low is Rs 755.55 per share. The shares of the company saw a spurt in volume by more than 2.76 times on the BSE.

Premier Energies is a publicly listed company and a leading player in India’s renewable energy sector with a current manufacturing capacity of 11.1 GW (including 5.8 GW under construction). The company is known for its innovation, sustainability, and employee culture, holding the distinction of winning a Great Place to Work certification for four consecutive years.

Premier Energies Limited has subscribed to 1,050,000; 0.1 per cent Non-Cumulative Optionally Convertible Redeemable Preference Shares (OCRPS) of Mavyatho Ventures Private Limited, an associate company, via a rights issue for Rs 1.05 crore. This cash investment supports Mavyatho Ventures' capital requirements for its solar power generation business, where Premier Energies already holds a 30 per cent equity stake. Following this OCRPS allotment, Premier Energies' total holding in Mavyatho Ventures will increase to 36.70 per cent. Mavyatho Ventures, incorporated on March 10, 2016, reported a turnover of Rs 19,695.56 thousand for FY 2024-25.

Premier Energies Limited has a market capitalisation of more than Rs 46,000 crore and as of March 31, 2025, the order book stands at Rs 84,456 million. The company’s PE is 50x, its ROE is 54 per cent and its ROCE is 42 per cent. The stock is up by 36 per cent from its 52-week low is Rs 755.55 per share.

Disclaimer: The article is for informational purposes only and not investment advice.