Introduction

Premier Energies Ltd. engages in the business of manufacturing and trading of solar modules, solar cells and solar accessories. Its business operations include the manufacturing of solar photovoltaic cells and solar modules including custom made panels for specific applications, execution of EPC projects, independent power production, O&M services with respect to EPC projects and sale of solar-related products.

Observation

As we can see stock breakout after a consolidation on day chart stock trading on good volume. stock trade above 20ema strong RSI with good fundamental.

Let's touch fundamentals

• ROCE - 25%
• ROE - -44%
• Debt to equity - 0.55
• PE -230
• Promoter Holding - 64%
  
• Public holding - 25%
• Promoter Holding Pledge - zero

• Day chart
• Tripple Bottom

1. Reliance Finance and Investments, a US-based step-down subsidiary of Reliance Industries, has acquired a 21% stake in Wavetech Helium for $12 million, according to a Thursday filing to the story filing.Wavetech is a US-based helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs.The share purchase is part of the company's plan to grow its low-carbon solution exploration and production operations.

2. India's Cholamandalam Investment and Finance CHOLAFIN plans to raise 20 billion rupees ($236.69 million), including a greenshoe option of 10 billion rupees, through sale of subordinated bonds maturing in 10 years, three merchant bankers said on Friday.

3. India's LIC Housing Finance has accepted bids worth 13.15 billion rupees ($155.7 million) for the sale of bonds maturing in three years, three bankers said on Friday.The company will pay a coupon of 7.75% for this issue and had invited bids from bankers and investors on Thursday, they said.

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Mon Dec 2, 2024