Premier Explosives is currently trading at its upper circuit limit of Rs. 147.15, up by 7.00 points or 4.99% from its previous closing of Rs. 140.15 on the BSE.
The scrip opened at Rs. 138.70 and has touched a high and low of Rs. 147.15 and Rs. 137.35 respectively. So far 4086 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 23-Dec-2020 and a 52 week low of Rs. 66.50 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 153.00 and Rs. 137.35 respectively. The current market cap of the company is Rs. 158.22 crore.
The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 4.11% and 54.56% respectively.
Premier Explosives has received an order from Israel Aerospace Industries (IAI), Israel for the manufacture and supply of Warheads for a total value of $134,935. This is the first order received by Premier Explosives for warheads and this will be executed from company’s new production facility at Katepally. Ordered items are expected to be delivered within 12 months.
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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