India's Premier Explosives up on orders from L&T, Bharat Dynamics

Premier Explosives

09/06/2023 08:10

** Shares of Premier Explosives  PRMR.NS  rise as much as
2.42% to 448 rupees
    ** Co, engaged in making solid propellants for rockets and
explosives, receives orders from Bharat Dynamics  BARA.NS  worth
432.6 mln rupees ($5.25 million) and Larsen and Toubro  LART.NS 
worth 139.4 mln rupees 
    ** Stock most active in over a month, with a trading volume
of 60,137 shares as of 12:30 p.m. IST, more than quadruple the
30-day avg - Refinitiv data
    ** The moving average convergence divergence line has been
above the signal line since June 5, suggesting bullish momentum



($1 = 82.4230 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))