India's Premier Explosives hits record high on orders from defence ministry

Premier Explosives

11/07/2023 07:07

** Shares of Premier Explosives Ltd  PRMR.NS  rise as much
as 20% to 590.55 rupees, hitting record high  
    ** Co, engaged in making solid propellants for rockets and
explosives, received two orders worth 2.92 billion rupees 
($35.4 million) and 2.60 billion rupees from Indian defence
ministry
    ** Stock most active since Jan 23, 2019, with a trading
volume of more than 359,000 shares as of 11:28 a.m. IST, 14.5x
their 30-day avg
    ** Including session's move, stock up ~41% YTD



($1 = 82.3880 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))