Premier Explosives climbs on securing order from Singareni Collieries Company
Premier Explosives is currently trading at Rs. 344.90, up by 4.20 points or 1.23% from its previous closing of Rs. 340.70 on the BSE.
The scrip opened at Rs. 332.10 and has touched a high and low of Rs. 344.90 and Rs. 332.10 respectively. So far 142 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 428.00 on 02-May-2022 and a 52 week low of Rs. 134.00 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 428.00 and Rs. 332.10 respectively. The current market cap of the company is Rs. 370.84 crore.
The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 3.74% and 54.93% respectively.
Premier Explosives has received an order of worth Rs 104.84 crore (excluding GST) from Singareni Collieries Company (A Government Company). The order is for supply of SME explosives, LDC Explosives and Accessories for blasting in OB removal at Open Cast Projects of SCCL for a period of 2 years.
Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.
