Premier Explosives rises on bagging purchase order worth Rs 6.62 crore
Premier Explosives is currently trading at Rs. 591.00, up by 4.00 points or 0.68% from its previous closing of Rs. 587.00 on the BSE.
The scrip opened at Rs. 599.40 and has touched a high and low of Rs. 599.40 and Rs. 585.55 respectively. So far 9394 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. 308.95 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 626.55 and Rs. 574.05 respectively. The current market cap of the company is Rs. 3179.97 crore.
The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 8.76% and 49.91% respectively.
Premier Explosives has received a purchase order worth around Rs 6.62 crore from an international entity for the manufacture and supply of defence products. The order is to be delivered within a period of 6 months.
Earlier, the company had received a purchase order worth Rs 1.73 crore from an international entity, for supply of defence products.
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.
