The company secured new orders worth Rs. 615 crores in FY2024 so far, taking the total outstanding order book to Rs. 1,054 crores, a growth of 75 per cent YoY. The stock has delivered multibagger returns of more than 750 per cent in the last three years. Additionally, FIIs and DIIs increased their stake in the company in September 2023. Premier Explosives is well-positioned to benefit from the growth of the Indian defence and aerospace industries. The company has a strong order book and is executing on its expansion plans.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
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