Premier Explosives advances on receiving production clearance for Akash Sustainer Grains

06 Jul 2018

Premier Explosives is currently trading at Rs. 250.10, up by 2.00 points or 0.81% from its previous closing of Rs. 248.10 on the BSE.

The scrip opened at Rs. 250.15 and has touched a high and low of Rs. 251.00 and Rs. 250.00 respectively. So far 303 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 536.25 on 08-Jan-2018 and a 52 week low of Rs. 243.00 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 256.65 and Rs. 244.00 respectively. The current market cap of the company is Rs. 265.93 crore.

The promoters holding in the company stood at 40.41%, while Institutions and Non-Institutions held 18.14% and 41.46% respectively.

Premier Explosives has received production clearance against an existing order for supply of Akash Sustainer Grains to Bharat Dynamics (BDL) after its trial products have passed through qualification tests and resulting first lot has been supplied in June-end.

Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.

Related Premier Explosives Ltd. Links:

Premier Explosives Share Price

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SEBI Registered: Investment Adviser - INA000013323
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