Premier Energies Shares Dip 6% Despite Motilal Oswal's 'Buy' Rating

• Premier Energies shares fell nearly 6% even after Motilal Oswal initiated coverage with a 'Buy' rating.
• Motilal Oswal set a price target of ₹1,000, suggesting a 21% upside from Tuesday's close.
• The brokerage firm is bullish on Premier Energies due to strong capacity ramp-up, industry-leading backward integration, healthy margins, and a robust order book.
• The company's module and cell manufacturing capacities are projected to significantly increase by FY27.
• Motilal Oswal highlights Premier's superior backward integration and reasonable valuations, expecting a 30% EBITDA CAGR over FY25-FY28.