Premier Explosives shines on bagging order from Satish Dhawan Space Centre

19 Dec 2018

Premier Explosives is currently trading at Rs. 265.00, up by 7.90 points or 3.07% from its previous closing of Rs. 257.10 on the BSE.

The scrip opened at Rs. 258.00 and has touched a high and low of Rs. 269.50 and Rs. 254.00 respectively. So far 8473 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. 160.00 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 272.50 and Rs. 235.10 respectively. The current market cap of the company is Rs. 274.54 crore.

The promoters holding in the company stood at 40.49%, while Institutions and Non-Institutions held 18.10% and 41.41% respectively.

Premier Explosives has bagged an order from Satish Dhawan Space Centre, SHAR, Sriharikota. The size of order is Rs 181 crore (first year Rs 18.10 crore and subject to price escalation from second year onwards). The order will be executed during December 2018 to December 2028.

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:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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