Bengaluru, May 19 -- Shares of a leading solar cell manufacturer rose 3 percent after the company reported a 305 percent year-on-year jump in net profit, and revenue also saw a significant rise, reflecting strong operational performance and robust demand. The stock gained further momentum following the announcement of two strategic joint ventures to boost long-term growth.

During Monday's trading session, the shares of Premier Energies Ltd reached an intraday high of Rs.1,163.90 per share, up 3.4 percent from the previous close of Rs.1,125.95 per share. The company shares debuted on the BSE and NSE on September 3, 2024, listing at Rs.990 per share, which was a notable 120 percent premium over its IPO issue price of Rs.450 apiece.

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