Premier Explosives touches roof on bagging order from Singareni Collieries Company
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Premier Explosives is currently trading at its upper circuit limit of Rs. 477.15, up by 22.70 points or 5.00% from its previous closing of Rs. 454.45 on the BSE.
The scrip opened at Rs. 472.00 and has touched a high and low of Rs. 477.15 and Rs. 471.00 respectively. So far 7817 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. 236.00 on 07-Nov-2023.
Last one week high and low of the scrip stood at Rs. 488.95 and Rs. 435.40 respectively. The current market cap of the company is Rs. 2443.18 crore.
The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 8.72% and 49.95% respectively.
Premier Explosives has received an order worth Rs 89.20 crore from Singareni Collieries Company (A Government Company) for supply of SME explosives, LDC explosives (Cap & Non Cap) and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and Electronic Detonators - Factory set) for use in OB blasting at different Opencast Projects of Singareni Collieries Company. The said order is expected to be delivered over a period of 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.
