/ Premier Explosives Q2 FY17 Net Profit Up 27% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 3 November 2016


Premier Explosives Ltd reported that its net profit increased by 27% to Rs 2.4 crore in the quarter ended September 2016 as against Rs 1.9 crore during the previous quarter ended September 2015. The sales of the company rose 36% to Rs 55 crore in the quarter ended September 2016 as against Rs 40 crore during the previous quarter ended September 2015.

Premier Explosives Ltd is currently trading at Rs 392, up by Rs 19 or 5.09% from its previous closing of Rs 373 on the BSE. The scrip opened at Rs 393 and has touched a high and low of Rs 403 and Rs 384 respectively. So far 253063 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 330.42 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 519 on 07-Jan-2016 and a 52 week low of Rs 290 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 385 and Rs 355 respectively.

The promoters holding in the company stood at 47.51 % while Institutions and Non-Institutions held 6.13 % and 46.36 % respectively. The stock is currently trading above its 200 DMA.

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