/ Premier Explosives Sizzles On Order Gain ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 2 January 2017

Premier Explosives has seen an increase in its stock price by more than 6% on Monday. The company has informed BSE regarding receiving a new order from the Ministry of Defence, to supply chaffs and flares.Size of this order is Rs. 33.18 crores.

The company management while talking to media said that it is looking to sell 10% of its stakes.
The company has been given a period of one year to complete the order. Premier Explosives Ltd is currently trading at Rs 353.15, up by Rs 16.55 or 4.92% from its previous closing of Rs 336.6 on the BSE.

The scrip opened at Rs 348.05 and has touched a high and low of Rs 360 and Rs 342.1 respectively. So far 62777(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 298.18 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 340 and Rs 325.9 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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