Stocks to buy, Feb. 11 -- Domestic brokerage firm Motilal Oswal, in its latest note, has initiated coverage on Premier Energies, the country's second-largest integrated manufacturer of solar cells and modules, with a 'buy' rating and has set a target price of Rs.1,000 apiece, which indicates an upside potential of 28.2% from the stock's latest closing price.
While the stock has remained under pressure in recent months, the brokerage's optimistic outlook is driven by the company's strong capacity ramp-up, industry-leading backward integration, and a robust order book.
Amid rising demand for renewable energy-fuelled by increasing power requirements and policy initiatives aimed at reducing dependence on fossil fuels-the brokerage expects t...
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