Premier Energies share price rose 4% to ₹1,020 on the BSE in Tuesday's intra-day trade, demonstrating strong recovery momentum. According to reports from Business Standard, the stock has soared 55% from its 52-week low of ₹660.80 touched on February 1, 2026, and now trades close to its 52-week high of ₹1,135 hit on July 15, 2025. At 02:44 PM, the stock was up 3% at ₹1,016, significantly outperforming the BSE Sensex which declined 0.71%. The broader energy sector rallied with Adani Total Gas hitting its 52-week high at ₹705 per share, up over 6%, while Adani Power, Waaree Energies, and JSW Energy were up 3-4% following the US strikes on Iran. As per Informist Media, Coal India was the top gainer in the Nifty 50, up nearly 2%, while Oil and Natural Gas Corp. rose 1.2% ahead of its earnings announcement.
The stock's recovery was driven by a significant promoter stake sale transaction worth ₹2,289 crore through a large bulk deal on Monday. As per NSE bulk deal data, promoter group entities together offloaded 2.39 crore shares at ₹955 apiece. Major institutional investors including Smallcap World Fund Inc acquired 24.44 lakh shares, Quant Mutual Fund purchased 40.83 lakh shares, and Nomura India Investment Fund Mother Fund picked up another 25 lakh shares. Other buyers included Kotak Mahindra Life, SBI Life, and Kotak Mutual Fund, among others. The transaction involved significant stake sales by family members including Surenderpal Singh Saluja (1.56 crore shares), Manjeet Kaur Saluja (50.46 lakh shares), Charandeep Singh Saluja (13.08 lakh shares), and Jasveen Kaur Saluja (19.37 lakh shares).
Premier Energies has delivered robust financial results with Q4 FY26 revenue rising 38% year-on-year to ₹2,230 crore and profit after tax increasing 64% to ₹450 crore. According to company reports, EBITDA during the quarter grew 28% year-on-year to ₹670 crore, though EBITDA margin declined by 300 basis points to 30%. The company's module manufacturing capacity has now reached 11.1 GW, while cell capacity stands at 3.6 GW, with cell capacity expected to expand to 10.6 GW through ongoing projects scheduled for commissioning later this year. Premier Energies recently commissioned its 5.6 GW Sitarampur module facility in Telangana and expects the plant to be fully ramped up over the coming months.
Premier Energies is positioning itself to capitalize on the booming solar opportunity through significant capacity expansion. The company has expanded its module capacity to 11.1 gigawatts and cell capacity to 3.6 gigawatts, with cell capacity expected to reach 10.6 gigawatts through ongoing projects. Beyond solar manufacturing, the company has been expanding into transformers and power equipment through Transcom, with transformer capacity expected to increase nearly sevenfold to 16.75 GVA by July 2026, focusing on high-margin HV and EHV segments. The company's growth order book currently stands at ₹14,010 crore, up 66% year-on-year, with new installations in FY26 growing to almost 45 gigawatt in AC terms, representing fantastic 87% growth over FY25. As per Informist Media, metal and energy indices were up around 1% and were the top gainers among sectoral indices.
The renewable energy sector continues to benefit from favorable government policies and growing market demand. The Middle East crisis is turning into a pivotal moment for renewables as stakeholders look to rethink energy mix and reduce fossil fuel consumption. The Ministry of New and Renewable Energy has retained the June 1, 2026 Approved List of Models and Manufacturers deadline for net-metering and open-access solar projects, while providing a case-by-case exemption mechanism. With India's solar capacity set to rise from 154GW to 364GW by FY32, analysts expect annual solar cell demand to remain robust, benefiting integrated solar equipment manufacturers including Premier Energies. The company's share price has risen 16.5% in 2026, highlighting continued investor interest in renewable energy and domestic manufacturing-linked themes supported by policy incentives and production-linked schemes. Crude oil prices rose around 2% following US strikes on Iran, with Brent crude oil futures up 2% to around $98.38 per barrel, providing additional support to energy sector stocks.
