This multibagger micro-cap company receives 2 orders worth Rs 57.20 crore from Bharat Dynamics Limited and Larsen & Toubro Limited!

The stock is up by 38 per cent in 1 year, over 200 per cent in 2 years and over 500 per cent in just 3 years.

Premier Explosives Limited informed the exchanges (BSE: 526247; NSE: PREMEXPLN) that the company have received 2 orders aggregating to Rs 57.20 crore (including GST). The company have one order from Bharat Dynamics Limited for the supply of P1 & P2 motors of MRSAM. The order is worth Rs 43.26 crore which will be completed within 24 months from LOA. Another order is received from Larsen & Toubro Ltd for the supply of PSOM-XL motors. The order is worth Rs 13.94 crore which will be completed within 12 months from LOA.

On Monday, shares of Premier Explosives Limited gained 0.05 per cent to Rs 436.30 per share with an intraday high of Rs 440.90 and an intraday low of Rs 431.30. The stock has a 52-week high of Rs 532 and a 52-week low of Rs 286.10.

Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. The company has a market cap of Rs 469.01 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.

The stock is up by 38 per cent in 1 year, over 200 per cent in 2 years and over 500 per cent in just 3 years. Investors should keep an eye on this stock.