Sundaram BNP Paribas Mutual Fund (MF) has bought 0.56% stake in Premier Explosives for Rs 12.33 million. The fund house has bought 49,323 shares at a price of Rs 249.99 a share. On the other hand, Mindspace Consultants has sold 0.60% stake in the company for Rs 13.38 million. It sold 53,518 shares at a price of Rs 250.30 a share.
Premier Explosives is one of the major companies manufacturing the entire range of explosives and accessories for the civil requirement. The company is the first manufacturer in India to deploy totally indigenous technology.
