Multibagger Stock Update: This micro-cap company receives order worth Rs 76.78 crore from Ministry of Defence!
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 76.78 crore (including GST). The company has received the order from the Ministry of Defence, Air HQ (Vayu Bhawan), New Delhi for the supply of 50 MM MTV Flares. 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. According to the financials, the company reported positive numbers in its Quarterly Results (Q4FY23) and annual results (FY23). The company has been maintaining a healthy dividend payout of 18.7 per cent and has a 3-year CAGR of 82 per cent.
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On Thursday, shares of Premier Explosives Limited gained 6.22 per cent to Rs 467 per share with an intraday high of Rs 467.10 and an intraday low of Rs 443. 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 3.84 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.