Premier Explosives soars on receiving order worth Rs 43.26 crore
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Premier Explosives is currently trading at Rs. 440.85, up by 4.75 points or 1.09% from its previous closing of Rs. 436.10 on the BSE.
The scrip opened at Rs. 435.10 and has touched a high and low of Rs. 447.00 and Rs. 431.60 respectively. So far 1761 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 532.00 on 30-Aug-2022 and a 52 week low of Rs. 286.10 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 425.10 respectively. The current market cap of the company is Rs. 467.88 crore.
The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 3.59% and 55.08% respectively.
Premier Explosives has received order worth Rs 43.26 crore (including GST) from Bharat Dynamics for supply of P1 & P2 Motors of MRSAM. The said order is expected to be completed in 24 months.
Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.
