Synopsis: Solar stock shares rose 3% after a Rs. 2,055 crore block deal involving 2.15 crore shares (4.7% equity). The transaction triggered strong market interest, with indications of a promoter-led stake sale and significant accumulation by institutional investors including FIIs and mutual funds.
The shares of this company specialize in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions are in the spotlight after it rose by 3 percent in today’s market session following a block deal taken place.
With a market capitalisation of Rs. 44,264 cr, the shares of Premier Energies Ltd were trading at Rs. 977.15 per share, jumping 3% in today’s market session, making a high of Rs. 1,005.10, up from its previous close of Rs. 975.50 per share.
Block Deal
Around 2.15 crore shares of Premier Energies Ltd were traded through multiple block deals on Monday, May 25. The shares changed hands at Rs. 955 per share, taking the total transaction value to about Rs. 2,055.6 crore, representing nearly 4.7% of the company’s total equity.
While the official identities of buyers and sellers were not disclosed, sources indicate that a promoter entity is likely the seller, whereas the buying interest reportedly came from Foreign Institutional Investors (FIIs) and mutual funds, suggesting strong institutional participation in the large transaction.
Premier Energies Ltd is one of the leading Indian solar energy companies. It is an integrated manufacturer of solar photovoltaic products, mainly solar cells and solar modules (both monofacial and bifacial). The company also provides EPC (engineering, procurement, and construction) services and operates in the renewable energy space with a strong focus on solar manufacturing.
For Q4FY26, sales grew to Rs. 2,230 crore from Rs. 1,621 crore, up about 38% YoY. EBITDA also increased to Rs. 675 crore from Rs. 528 crore, marking a 28% growth. Net profit saw a sharp rise of 64% to Rs. 457 crore, highlighting improved profitability and better margins. Earnings per share (EPS) also grew significantly by 64% to Rs. 10.08, compared to Rs. 6.16 in the previous year, showing strong earnings momentum and scalable business performance.
The promoter holding in the company is 63.94%. FII stake increased from 4.48% in Q3 FY26 to 5.72% in Q4 FY26, while DII holdings also rose from 12.72% to 13.69%. In contrast, the public shareholding declined from 18.08% to 16.28%.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Solar Stock in Focus After Shares Worth ₹2,055 Cr Change Hands via Block Deal appeared first on Trade Brains.