Premier Explosives zooms on bagging order for procurement of 50 MM MTV Flares
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Premier Explosives is currently trading at Rs. 395.00, up by 17.00 points or 4.50% from its previous closing of Rs. 378.00 on the BSE.
The scrip opened at Rs. 396.90 and has touched a high and low of Rs. 396.90 and Rs. 370.20 respectively. So far 7647 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 406.85 on 21-Apr-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. 406.85 and Rs 370.10 respectively. The current market cap of the company is Rs. 426.76 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 bagged an order from Ministry of Defence, Government of the Republic of India for procurement of 50 MM MTV Flares to be delivered within twelve months from the effective date of contract. The company has bagged an order worth Rs 57.90 crore (including GST).
Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.
