India's Premier Energies gains after Q4 profit jumps; brokerages upgrade PT

Premier Energies

18/05/2026 08:42

** Shares of India's Premier Energies PEME.NS jumps as much as 4.9% to 1,029.60 rupees; last up 1.4%

** Solar equipment maker's Q4 net profit jumped ~64.4% y/y on strong volume growth

** Revenue from ops rose ~37.6%

** Prabhudas Lilladher upgrades rating to "accumulate" from hold; lifts PT by 166 rupees to 1,071 rupees

** Sees revenue and PAT growing at 45.6% and 19.9% CAGR over FY26–FY28

** Jefferies lifts PT by 270 rupees to 1,135 rupees; sees 33% EBITDA CAGR over FY26–FY28 driven by volume growth from order book

** Trading vols at 4.5 million shares, ~2.5x the 30-day average

** YTD, stock up ~18.4%

($1 = 96.2950 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))