Key Points
Shares of Premier Energies on Tuesday tumbled 13.4% to its days low of Rs 860 on BSE after the stock made a stellar debut of 120% premium at a listing price of Rs 990 on NSE and Rs 991 on BSE...
The IPO of Premier Energies received a robust response from investors, with a subscription rate of 74 times at close, driven by substantial bidding from non-institutional investors...
Analysts consider that with reasonable valuations before listing, the stock is well-positioned to capitalize the industry demand in renewable energy and is an opportunity to invest in India's second-largest integrated solar cell and module manufacturer...
We continue to recommend conservative investors to choose profit booking, while risk takers can continue holding for long term as the sector outlook remains optimistic, said Prashanth Tapse, Senior VP (Research), Mehta Equities...
Given the company's strategic alignment with government initiatives promoting domestic solar production, alongside its diversified customer base and recognition as a top performer in module reliability, suggests a promising future, Tapse added...
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