Solar stock rises 3% after ₹2,055 cr block deal
after close1 source ↓written by the desknot a recommendation
- following
- 3%
- block deal involving
- ₹2,055 cr
- 4.7 equity
- 2.15 crore shares
- market capitalization
- ₹44,264 cr
- shares traded
- ₹977.15
Shares of Premier Energies Ltd increased by 3% following a ₹2,055 cr block deal involving 2.15 crore shares (4.7% equity). The transaction sparked significant interest from institutional investors, including FIIs and mutual funds, indicating a potential promoter-led stake sale.
With a market capitalization of ₹44,264 cr, shares traded at ₹977.15, reaching a high of ₹1,005.10 during the session, up from ₹975.50 previously. This activity may enhance market sentiment around solar stocks.
Not investment advice. For informational purposes only.