India, Jan. 15 -- When a share drops to a new low after previously being a high-flying stock, it is common for investors to question the company's investment thesis. This is certainly the case with Premier Energies, whose decline has been high; however, the real question is whether there has been a deterioration in the business fundamentals or if the market simply downgraded its expectations. To determine this, focus less on price action and more on the underlying operating metrics of Premier Energies.

With a market capitalisation of Rs 33,066 crore, the shares of Premier Energies Ltd closed at Rs 729.95 per share, down nearly 3 percent from its previous day's closing price of Rs 750.25 per share. In the last one year, the stock has corr...