Premier Explosives moves up on bagging order worth Rs 20.36 crore
Premier Explosives is currently trading at Rs. 381.75, up by 1.20 points or 0.32% from its previous closing of Rs. 380.55 on the BSE.
The scrip opened at Rs. 387.95 and has touched a high and low of Rs. 389.95 and Rs. 379.70 respectively. So far 6755 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 909.35 on 21-Jun-2024 and a 52 week low of Rs. 263.11 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 434.00 and Rs. 346.50 respectively. The current market cap of the company is Rs. 2080.29 crore.
The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 8.59% and 50.08% respectively.
Premier Explosives has received an export order worth Rs 20.36 crore from international clients. The order is for design and development of Rocket Motors. The order is to be executed in 2 years.
Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas.
