Premier Energies Ltd Share Price – NSE /  BSE

Capital Goods - Electrical Equipment, Small Cap

The equity indices continued to trade with decent gains in mid-morning trade. The Nifty hovered above the 25,100 level. Realty shares advanced after declining in the past two trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 532.56 points or 0.65% to 81,913.70. The Nifty 50 index added 152.75 points or 0.60% to 25,114.

In the broader market, the S&P BSE Mid-Cap index fell.20% and the S&P BSE Small-Cap index shed 0.02%.

The market breadth was positive. On the BSE, 2,006 shares rose and 1,822 shares fell. A total of 166 shares were unchanged.

Economy:

India’s forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday. In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion.

The foreign currency assets, a major component of the reserves, decreased by $3.511 billion to $612.643 billion, the data released on Friday showed.

Gold reserves decreased by $40 million to $65.756 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were down by $123 million to $18.425 billion.

India’s reserve position with the IMF was down by $35 million to $4.352 billion in the reporting week, the apex bank data showed.

Buzzing Index :

The Nifty Realty index rose 1.25% to 1,053.60. The index shed 0.54% in past two trading sessions.

Raymond (up 5.27%), Oberoi Realty (up 3.27%), Macrotech Developers (up 2.57%), Sobha (up 1.36%), Prestige Estates Projects (up 1.27%), Godrej Properties (up 1.08%), DLF (up 0.97%), Mahindra Lifespace Developers (up 0.29%), Phoenix Mills (up 0.13%) edged higher.

Stocks in Spotlight :

Premier Energies rallied 6.13% after the company’s subsidiaries, Premier Energies International, Premier Energies Photovoltaic has received multiple orders from various customers amounting to a total value of Rs 765 crore.

Hathway Cable & Datacom jumped 4.08% after the company’s consolidated net profit jumped 28.61% to Rs 25.80 crore in Q2 FY25 as compared with Rs 20.06 crore in corresponding quarter last year. Revenue increased 5.98% YoY to Rs 512.74 crore in Q2 FY25 as compared with Rs 483.79 crore in Q2 FY24.

Global Markets:

Asian stocks advanced on Monday, as investors assessed China’s weekend press briefing and awaited a slew of economic data this week from the region.

China's finance ministry detailed plans for increased government debt issuances and support for provincial governments. However, the lack of specific details, particularly regarding the scale and timing of the measures, caused some disappointment. Analysts expressed concerns about the potential for a significant increase in government debt.

Economic data from China highlighted ongoing weakness. China's consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August. CPI was unchanged month-on-month, versus a 0.4% gain in August and below an estimated 0.4% increase. Meanwhile, the producer price index (PPI) fell 2.8% year-on-year in September, versus a 1.8% decline the previous month.

Asian markets drew support from the positive performance of US stocks on Friday. The S&P500 rose 0.61% to a record high of 5,815.03 points, while the Dow Jones surged nearly 1% to a record high of 42,863.86 points. The Nasdaq lagged, rising 0.3% to 18,342.94 points. Positive earnings from major banks helped investors look past questions over whether the Federal Reserve will cut interest rates in November.

The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September. This reading followed the 1.9% increase recorded in August. The US consumer price index for all urban consumers rise by 0.2% month on month (MoM) on a seasonally-adjusted basis in September, the same rise as in August and July.

This week, investors will focus on additional third-quarter earnings reports and statements from Federal Reserve officials.

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The company has received orders from 8 domestic customers and 1 foreign customer. The said order comprises Rs 632 crore for solar modules and Rs 133 crore for solar cells.

The supply of modules & cells are scheduled to be commenced in July 2025.

Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications.

The company’s consolidated net profit surged 532.49% to Rs 198.16 crore in Q1 FY25 as compared with Rs 31.33 crore in Q1 FY24. Net sales stood at Rs 1,657.37 crore, up 171.25% as compared with Rs 611.02 crore in Q1 FY24.

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Premier Energies International and Premier Energies Photovoltaic, both subsidiaries of Premier Energies, have received and accepted multiple orders from various customers amounting to a total value of Rs 765 crore. These orders comprise Rs 632 crore for solar modules and Rs 133 crore for solar cells.

The supply of these modules is scheduled to commence in July 2025

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Under this agreement, Premier Energies will supply 173.35 MWp of solar modules featuring the latest Topcon technology for BrightNight's 300 MW FDRE (wind, solar, and energy storage) power project located in Barmer, Rajasthan. The company indicated that the module supply is set to commence in July 2025.

Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications.

The company’s consolidated net profit surged to Rs 198.16 crore in Q1 FY25 as compared with Rs 31.33 crore in Q1 FY24. Net sales stood at Rs 1,657.37 crore, steeply higher than Rs 611.02 crore in Q1 FY24.

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