Premier Energies rises 3.4% as block deal and potential 5.5% stake divestment boost sentiment despite YTD 19% decline.

• 25 mln shares traded at 1,051.60 rupees, 1% discount to last close in block deal worth $307.4 mln.
• South Asia Growth Fund II may offload a 5.5% stake via block deals, holding 11.1% as of March 31.
• Stock set for third straight session gain despite year-to-date decline of ~19%.