Premier Explosives is currently trading at Rs. 124.75, up by 5.85 points or 4.92% from its previous closing of Rs. 118.90 on the BSE.
The scrip opened at Rs. 124.80 and has touched a high and low of Rs. 124.80 and Rs. 120.00 respectively. So far 6527 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 184.50 on 24-Oct-2019 and a 52 week low of Rs. 56.50 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 124.80 and Rs. 113.00 respectively. The current market cap of the company is Rs. 134.19 crore.
The promoters holding in the company stood at 41.33 % while Institutions and Non-Institutions held 10.77 % and 47.89 % respectively.
Premier Explosives has received an order from Singareni Collieries Company (SCCL) (a Government Company) for supply of SMS/SME explosives and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and CED 2.0M detonator) for OB removal at different OCPs of SCCL for a period of 2 years. The order value is Rs 82.83 crore excluding GST.
Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.
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