Bernstein initiates 'underperform' rating on Waaree, Premier Energies on growth concerns; stocks drop 3%

Waaree Energies' shares dropped by 3.3% to Rs 2,301.1 on the BSE, while Premier Energies declined by 2.9% to Rs 883.45 on Wednesday. Bernstein has set a target price of Rs 1,902 for Waaree Energies, suggesting a potential downside of more than 17% from current levels, and a target price of Rs 693 for Premier Energies, indicating a possible decline of 21.6%.