Premier is currently trading at Rs. 8.34, up by 0.64 points or 8.31% from its previous closing of Rs. 7.70 on the BSE.

The scrip opened at Rs. 8.00 and has touched a high and low of Rs. 8.47 and Rs. 7.52 respectively. So far 3822 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.80 on 12-Jan-2018 and a 52 week low of Rs. 6.61 on 27-Dec-2018.

Last one week high and low of the scrip stood at Rs. 7.88 and Rs. 6.61 respectively. The current market cap of the company is Rs. 25.33 crore.

The promoters holding in the company stood at 44.95%, while Institutions and Non-Institutions held 6.62 % and 48.43 % respectively.

Premier has entered into a term sheet for the sale of its property at Chinchwad, Pune in the state of Maharashtra with Runwal Realty. The proceeds from such sale would be utilized substantially to reduce the company's debts, fund labour, statutory, relocation and other operating dues.

The proposed transaction is subject to definitive documentation, several regulatory, judicial and other approvals as well as certain other conditions. This will entail relocation of the existing operations to a new site at Chakan, for which the company has already initiated various actions.

Premier is engaged in the manufacture of automobiles and machine tools. The company has manufactured the widest range of commercial vehicles, which includes Premier Padmini -- one of the popular cars in India.

Related Premier Ltd. Links:

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