Saturday , October 19 2019
Breaking News
Home / BUSINESS / EQUITIES / Premier Explosives soars on receiving order worth Rs 14.99 crore from Bharat Dynamics

Premier Explosives soars on receiving order worth Rs 14.99 crore from Bharat Dynamics

Mumbai : Premier Explosives is currently trading at Rs. 187.00, up by 3.00 points or 1.63% from its previous closing of Rs. 184.00 on the BSE. The scrip opened at Rs. 198.00 and has touched a high and low of Rs. 198.00 and Rs. 187.00 respectively. The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 285.05 on 17-Jul-2018 and a 52 week low of Rs. 160.00 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 198.00 and Rs. 179.70 respectively. The current market cap of the company is Rs. 204.29 crore. The promoters holding in the company stood at 41.13%, while Institutions and Non-Institutions held 17.39% and 41.48% respectively.

Premier Explosives has bagged an order from Bharat Dynamics (BDL) for supply of solid propellants for Medium Range Surface to Air Missile (MRSAM) for a value of Rs 14.99 crore (including GST) to be executed within a period of 14 months. Premier Explosives is a prominent player in manufacturing solid propellants for India’s prestigious missile programs like Akash, Astra, and LRSAM.