Shares of Premier Energies Limited (NSE: PREMIERENE) soared 8.31% to ₹1,028.40 as of 11:17 AM, reflecting strong investor sentiment ahead of the Union Budget 2025. The stock has witnessed significant buying interest, driven by expectations of favorable policy announcements for the renewable energy sector.
Premier Energies opened at ₹997.95 and reached an intraday high of ₹1,032.65, while the day’s low was recorded at ₹976.55. The stock has been trading in a 52-week range of ₹802.10 – ₹1,388.00, indicating strong price action in recent sessions. The surge comes as investors anticipate government incentives, production-linked incentives (PLI), and policy support for solar energy and renewable infrastructure projects.
Adding to the momentum, Premier Energies Limited has informed the Exchange about a Board Meeting scheduled for February 3, 2025. The agenda includes the consideration and approval of the Quarterly Unaudited Financial Results for the period ending December 2024 and discussions on Dividend/ESOP matters. This announcement has further strengthened investor confidence, as market participants await key updates on the company’s financial health and potential shareholder benefits.
With the upcoming Union Budget 2025, analysts expect policy measures that could further drive solar energy stocks, making Premier Energies a key beneficiary. The company’s focus on expanding solar module manufacturing and renewable energy projects positions it well for long-term growth.
Disclaimer
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
