Premier Energies Shares Decline Over 3.5% as Lock-In Period Ends

Shares of Premier Energies Ltd. witnessed a decline of over 3.5% in early trading on Friday, February 28, following the conclusion of its six-month shareholding lock-in period. By 10:17 AM, the company’s stock was trading at ₹891 on the NSE.

With the expiration of the lock-in, approximately 10.6 crore shares—equivalent to 23% of the company’s total outstanding equity, according to a report—became eligible for trading. However, it is important to note that the end of the lock-in period does not necessarily imply that all these shares will be offloaded in the open market, but rather that they can now be freely traded.

A Strong Market Debut Followed by Corrections

Premier Energies made its stock market debut in September 2024, emerging as one of the most successful listings of the year. The stock listed at more than double its issue price of ₹450 per share, reaching a post-listing peak of ₹1,388.

However, in alignment with broader market trends, the stock has undergone a correction phase. The downturn has been more pronounced in early 2025, with the stock declining 34% year-to-date as of February 28.

Market Sentiment and External Factors Weigh on Stock Performance

One of the key factors influencing Premier Energies’ stock trajectory has been concerns over US President Donald Trump’s policies on renewable energy, which have created uncertainty within the sector.

Conclusion

Going forward, market participants may closely monitor the company’s capacity expansion plans and how competitors stabilise their cell production lines, both of which could influence Premier Energies’ profitability.

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