Rs 739.30 Crore Order Book: Multibagger Defence Explosives Stock Hit 20 Per Cent Upper Circuit with Heavy Volume on May 16
The stock is up by 60 per cent from its 52-week low of Rs 308.95 per share and has given multibagger returns of over 3,200 per cent in 5 years.
On Friday, shares of Premier Explosives Limited hit a 20 per cent upper circuit to Rs 517 per share from its previous closing of Rs 430.85 per share. At the closing bell, the shares of the company were trading at Rs 494.05 per share, up 14.7 per cent with a spurt in volume by more than 1.90 times on the BSE.
Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Srihari Kota Centre of ISRO and the solid fuel complex at Jagdalpur under the umbrella of DRDO. The company has a market cap of Rs 2,656 crore and as of December 31, 2024, the company’s order book stands at Rs 739.30 crore. The Company has been maintaining a healthy dividend payout of 21.9 per cent and has delivered good profit growth of 19.1 per cent CAGR over the last 5 years.
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A Board of Directors meeting for Premier Explosives Limited is scheduled for Thursday, May 22, 2025. The purpose of the meeting is to consider and approve the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2025. Additionally, the board will consider and potentially recommend a dividend on equity shares for the financial year 2024-25.
The stock is up by 60 per cent from its 52-week low of Rs 308.95 per share and has given multibagger returns of over 3,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.