Premier Energies shares jump 16% after ₹215 crore solar water pumping order win

By Aditya Bhagchandani Published on September 5, 2024, 14:12 IST Last updated September 5, 2024, 14:12 IST

Premier Energies saw a significant surge in its shares after securing an order worth ₹215 crore from the Uttar Pradesh Department of Agriculture to install solar water pumping systems.

By 2:08 pm, the company’s shares were trading 16.23% higher at ₹978.50 on NSE.

Premier Energies recently made a strong debut on the stock exchanges, listing with a 120% premium. The stock opened at ₹990 on NSE and ₹991 on BSE, far above the offer price of ₹450.

The company’s IPO was well-received by investors, with a subscription rate of 74 times.

Premier Energies

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