/ Premier Explosives Spikes Over 6% Opens QIP ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 16 May 2017


Shares of Premier Explosives have surged higher over 6% at 12:30 IST on BSE in Tuesday trading session. The company has approved the opening of qualified institutional placement and fixed the floor price at Rs 414.97 per share on May 15, 2017.

The company has also offered a discount of 5% on the floor price so calculated for the QIP. The company further informed that the closure for qualified institutional placement is on May 18, 2017.

The shares attracted a trading volume of 82,821 shares and a traded value of Rs 379.72 lakhs on NSE on today’s trade. The stock has underperformed BSE Small Cap Index on a yearly basis. Premier Explosives Limited is engaged in the business of high energy materials (commercial explosives and defence explosives).

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