Premier Explosives surges after receiving export order worth Rs 21.45 crore
Premier Explosives is currently trading at Rs 327.60, up by 5.00 points or 1.55% from its previous closing of Rs 322.60 on the BSE.
The scrip opened at Rs 337.95 and has touched a high and low of Rs 337.95 and Rs 324.15 respectively. So far 21619 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 370.05 and Rs 320.00 respectively. The current market cap of the company is Rs 1753.69 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 from international clients for supply of Defence Explosives. Size of the order is Rs 21.45 crore. The said order is expected to be delivered over a period of 5 months.
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.
