Premier Explosives is currently trading at Rs. 76.20, up by 0.65 points or 0.86% from its previous closing of Rs. 75.55 on the BSE.
The scrip opened at Rs. 76.50 and has touched a high and low of Rs. 77.75 and Rs. 75.00 respectively. So far 5,215 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.00 on 02-May-2012 and a 52 week low of Rs. 45.10 on 22-Nov-2011.
Last one week high and low of the scrip stood at Rs. 78.00 and Rs. 70.05 respectively. The current market cap of the company is Rs. 61.00 crore.
The promoters holding in the company stood at 42.81% while Institutions and Non-Institutions held 0.02% and 57.18% respectively.
Premier Explosives (PEL) has resumed normal production from rebuilt facility at the company’s factory located at Peddakandukuru village in Nalgonda district of Andhra Pradesh from October 08, 2012. Earlier, subsequent to the accident that had occurred in the above unit in the month of July 2012, the company had restarted the partial production in a temporary facility on August 11, 2012.
Further, the detonators which the company is producing now are based on a different chemical (NHN) which is safer in production and the same is lead free compared to its earlier product.
Premier Explosives is one of the major companies manufacturing the entire range of explosives and accessories for the civil requirement. PEL is the first manufacturer in India to deploy totally indigenous technology. The company today has the widest range of products and technologies in the manufacture of explosives and accessories.
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