Premier Explosives is currently trading at Rs 61.00, up by 3.50 points or 6.09% from its previous closing of Rs 57.50 on the BSE.
The scrip opened at Rs 62.40 and has touched a high and low of Rs 62.40 and Rs 60.00 respectively. So far 16051 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 51.75 on 28-Mar-2013.
Last one week high and low of the scrip stood at Rs 63.35 and Rs 53.50 respectively. The current market cap of the company is Rs 48.77 crore.
The promoters holding in the company stood at 43.28% while Institutions and Non-Institutions held 0.02% and 56.71% respectively.
Credit rating agency, ICRA has assigned ‘A-’ rating to Premier Explosives’ long term bank facilities worth Rs 20 crore. Instrument with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
The rating agency has also assigned ‘A2+’ rating to the company’s short term bank facilities worth Rs 34 crore. Instrument with this rating are considered to have strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
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.