India's Premier Explosives Ltd hits record high on stock split, fundraise plan

Premier Explosives

09/04/2024 05:21

** Premier Explosives'  PRMR.NS  shares up 7.7% to 1,820
rupees, a record high
    ** Company, which makes solid propellants for rockets and
explosives, said it will consider stock split and raising funds
via issue of shares or other convertible instruments
    ** PRMR, also hit a record high on Monday, settling 6%
higher 
    ** Stock up ~16% YTD, company's shares nearly quadrupled in
2023

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