India's Premier Explosives rises on Q2 profit surge

Premier Explosives

30/10/2023 09:54

** Shares of Premier Explosives  PRMR.NS  up as much as 5%
to 1,258.20 rupees 
    ** Explosives maker posts over fourfold jump YoY in
Sept-quarter consol net profit to 116.5 mln rupees ($1.4 mln),
led by robust sales
    ** Consol revenue from ops up 29.3% YoY
    ** Over 52,000 shares change hands as of 03:05 p.m. IST,
2.1x the 30-day moving average
    ** Including day's gains, stock has seen threefold rise so
far this year 
    


($1 = 83.2249 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))