Shares of Premier and Waaree Energies fell sharply, declining up to 7% intraday, and are now down nearly 9% since their F&O segment inclusion.
The fall comes after Bernstein maintained its ‘Underperform’ rating on both stocks, highlighting a potential downside of up to 26%. The brokerage cited concerns over valuation levels, earnings visibility, and sector headwinds as key reasons for its cautious stance.
Investors reacted to the rating by profit booking and reduced exposure, adding to selling pressure post F&O inclusion. Analysts note that while F&O listing typically increases liquidity, it can also lead to short-term volatility, particularly for stocks with high downside risk.
Market participants will now track quarterly performance updates and policy developments in the renewable and solar sectors, which could influence near-term price movements for both Premier and Waaree Energies.
