Premier Explosives jumps on getting license for Sight Mixed Emulsion manufacturing plant

09 Mar 2022 Evaluate

Premier Explosives is currently trading at Rs. 339.70, up by 4.70 points or 1.40% from its previous closing of Rs. 335.00 on the BSE.

The scrip opened at Rs. 341.65 and has touched a high and low of Rs. 344.35 and Rs. 338.75 respectively. So far 1271 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 345.90 on 07-Mar-2022 and a 52 week low of Rs. 134.00 on 18-Jun-2021.

Last one week high and low of the scrip stood at Rs. 345.90 and Rs. 318.00 respectively. The current market cap of the company is Rs. 365.25 crore.

The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 3.73% and 54.94% respectively.

Premier Explosives has received license from Joint Chief Controller of Explosives, Secunderabad for Sight Mixed Emulsion manufacturing plant at Musthyala Village in the state of Telangana. This new license will enable the company a substantial saving on transportation cost. The company has also received licenses for bulk storage of Ammonium Nitrate (Solid) and Ammonium Nitrate (Melt) at Musthyala Village, Godavarikhani, Telangana.

Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.


Premier Explosives Share Price

3527.55 14.05 (0.40%)
14-Jun-2024 16:01 View Price Chart
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