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Premier Explosives moves higher on bagging order from ISRO

05 Jan 2017 Evaluate

Premier Explosives is currently trading at Rs 378.50, up by 1.60 points or 0.42% from its previous closing of Rs. 376.90 on the BSE.

The scrip opened at Rs. 382.65 and has touched a high and low of Rs. 385.75 and Rs. 375.00 respectively. So far 5971 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. 290.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 385.90 and Rs. 332.25 respectively. The current market cap of the company is Rs. 335.12 crore.

The promoters holding in the company stood at 47.51%, while Institutions and Non-Institutions held 6.13% and 46.36% respectively.

Premier Explosives has received an order from Indian Space Research Organization (ISRO) for production of PSOM-XL Developmental Motor for use in the Polar Satellite Launch Vehicle (PSLV). With receipt of this order, the company would be foraying into the niche-Space sector, which is a significant milestone for the company.

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.

Premier Explosives Share Price

501.50 7.05 (1.43%)
17-Apr-2026 16:59 View Price Chart
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