Premier Energies, a company listed in early September, has informed the stock market that its subsidiaries have received several orders. The size of all these orders is more than Rs 500 crore. The company shared this information on Saturday. The impact of the news can be seen on the stock in the next trading session. Premier Energies has given a return of more than 5 percent in the last session, which was the Diwali Muhurat session. The stock, listed on September 3, has registered a gain of more than 100 percent from its issue price.

What information has the company given?
 

The company has informed that its two subsidiaries Premier Energies International Private Limited and Premier Energies Photovoltaic Private Limited have received several orders from two large Independent Power Producers i.e. IPPs. The total value of these orders is Rs 560 crore. Out of this, Rs 513 crore is for solar PV modules and Rs 47 crore is for solar PV cells. These orders are to be completed between December 2024 and May 2025. The stock was a profitable deal for investors The stock was listed in the market in early September. The issue price was kept at Rs 450 per share. In the last session, the stock closed at 1076 with a gain of 5.6 percent. That is, investors who got shares in the IPO have got a return of 139 percent during this period. Within a week of listing, the stock had also crossed the level of 1200. On September 10, the stock reached the year's high of 1264. After which the stock came down to the level of 944.