Premier Explosives zooms on securing order from NLC India

07 Mar 2019

Premier Explosives is currently trading at Rs. 267.20, up by 21.25 points or 8.64% from its previous closing of Rs. 245.95 on the BSE.

The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 273.95 and Rs. 243.00 respectively. So far 5426 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 389.95 on 07-Mar-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. 273.95 and Rs. 227.50 respectively. The current market cap of the company is Rs. 265.26 crore.

The promoters holding in the company stood at 40.64%, while Institutions and Non-Institutions held 17.86% and 41.51% respectively.

Premier Explosives has bagged an order from NLC India for supply of bulk explosives and cast booster. The size of the order is Rs 29.06 crore (Basic 24.63 plus Taxes 4.43).

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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