Waaree, Premier Energies shares rise 2% as brokers brush off US CVD fears
[hfe_template id='11223']
[ad_1]
The shares of solar energy companies gained in trade on Thursday as brokerages dismissed concerns after the US imposed a 126% preliminary solar import duty, citing multiple reasons. The shares of Waaree Energies gained more than 2% to trade at Rs 2,764.5 apiece, while Premier Energies shares rose around 2% to trade at Rs 741.60 apiece in the morning trading hours of Thursday. These stocks had crashed earlier yesterday after the United States President Donald Trump-led administration imposed 126% preliminary duties on solar imports from India, citing unfair manufacturing subsidies. Motilal Oswal on solar stocks: Motilal Oswal Financial Services highlighted that the eligibility of the 126% duty is contingent upon the country of origin of the solar cells used in modules supplied to the US. "In effect, the 126% tariff should be applicable only if solar modules supplied to the US use solar cells manufactured in India," it said. Live ...