India's Premier Explosives up 2.5% on overseas export shipment

Premier Explosives

24/02/2023 07:37

** Shares of Premier Explosives Ltd  PRMR.NS  rise as much
as 2.51% to 369.05 rupees, biggest intraday pct. gain since Feb.
21
    ** Defence infra manufacturer says first export shipment of
rocket motors to overseas entity in Israel dispatched on Feb. 23
from its Telangana facility
    ** Co said in September it had signed a contract worth $2.44
mln for supply of the rocket motors 
    ** Stock trading below its 50-, 100- and 200-day moving
averages
    ** Trading volume at ~8,205 shares as of 12:45 p.m. IST,
1.3x the 30-day avg of ~6,480 shares
    ** Stock was up 76.2% last year 
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))