Multibagger Stock in News: This micro-cap company receives order worth Rs 9.73 crore from Bharat Dynamics Limited!

The stock is up by 65 per cent in 1 year, over 150 per cent in 2 years and over 300 per cent in just 3 years.

Premier Explosives Limited informed the exchanges (BSE: 526247; NSE: PREMEXPLN) that the company have received an order worth Rs 9.73 crore (including GST). The company has received the order from Bharat Dynamics Limited (A Govt. of India Enterprise - Ministry of Defence), Hyderabad for the supply of Booster Grains. The order will be completed within 12 months from LOA.

Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. The company has a market cap of Rs 500.68 crore. Talking about the financials, the company reported positive numbers in its Quarterly Results (Q4FY23) and annual results (FY23).  The company has maintained a healthy dividend payout of 18.0 per cent and a 3-year CAGR of 82 per cent.

On Friday, shares of Premier Explosives Limited gained 2.74 per cent to Rs 478.40 per share with an intraday high of Rs 483.45 and an intraday low of Rs 467.25. The stock has a 52-week high of Rs 532 and a 52-week low of Rs 290.95. The shares of the company saw a spurt in volume by more than 3.52 times on BSE.

The stock is up by 65 per cent in 1 year, over 150 per cent in 2 years and over 300 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.