Premier Explosives surges on receiving industrial license for ‘Site Mixed Explosives’ product

29 Jun 2016

Premier Explosives is currently trading at Rs. 369.00, up by 16.10 points or 4.56% from its previous closing of Rs. 352.90 on the BSE.

The scrip opened at Rs. 353.05 and has touched a high and low of Rs. 385.00 and Rs. 347.00 respectively. So far 61922 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 519.00 on 07-Jan-2016 and a 52 week low of Rs. 261.50 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs. 372.90 and Rs. 336.10 respectively. The current market cap of the company is Rs. 336.63 crore.

The promoters holding in the company stood at 47.45%, while Institutions and Non-Institutions held 6.18% and 46.38% respectively.

Premier Explosives has received industrial license from the Department of Industrial Policy and Promotion (DIPP), through license dated June 17, 2016, for ‘Site Mixed Explosives’ product at Mellacheruvu Mandal, Dondapadu Village, Nalgonda district, in the state of Telangana.

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.

Related Premier Explosives Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323