India's Premier Explosives jumps on order win

Premier Explosives

21/09/2022 10:31

** High energy materials and allied products manufacturer
Premier Explosives Ltd's shares  PRMR.NS  up as much as 4.4% at
512 rupees
    ** Stock's biggest % gain since Sept. 20 
    ** Co says it received orders from aerospace & defense
company Israel Aerospace Industries Ltd  urn:newsml:reuters.com:*:nFWN30R150
    ** Order for manufacture and supply of warheads for about
42.7 mln rupees($534,331.09) and for production and supply of
booster rocket motors for about 54.7 mln rupees, co adds
    ** Stock rises for a second straight session
    ** More than 30,000 shares traded, 0.9x their 30-day moving
avg of nearly 40,000 shares
    ** Up to Tuesday's close, stock had risen 106.1% YTD


($1 = 79.9130 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com))