Premier Energies’ stock continued its upward momentum, rising by 16% today after a strong surge of 20% the previous day. The company’s shares were trading 13.59% higher at ₹1,141.35 as of 10:13 am, marking a significant jump in just two days. This surge comes on the heels of a major order secured by Premier Energies from the Uttar Pradesh Department of Agriculture.
The company has been awarded a contract worth ₹215 crore for the supply, installation, and commissioning of 8,085 solar water pumping systems across various districts in Uttar Pradesh. The project, which includes a five-year comprehensive warranty, is expected to be completed by March 2025.
Premier Energies opened at ₹856.10 on September 5, closing at ₹1,004.80, reflecting a 19.35% increase. On the previous day, the stock had a smaller gain, rising 0.24% to ₹841.90. However, the announcement of the solar project has sparked renewed investor interest, pushing the stock higher.
| Date | Open Price (₹) | Close Price (₹) | Day’s Change (%) |
|---|---|---|---|
| Sep 5, 2024 | 856.10 | 1,004.80 | +19.35% |
| Sep 4, 2024 | 816.60 | 841.90 | +0.24% |
| Sep 3, 2024 | 990.00 | 839.90 | — |
With this new contract, Premier Energies is solidifying its position in the renewable energy sector, particularly in solar energy solutions. The ongoing stock surge indicates strong market confidence in the company’s future growth prospects.