Introduction:
Defence stock has secured a significant export order worth ₹18.90 crores for supplying Defence Explosives to an international client. The contract is to be executed within five months, boosting its presence in the global defence market.
Share Price movement of Premier Explosives:
On March 19, 2025, Premier Explosives Limited opened at ₹338.00, reaching a high of ₹348.00, up 4% from its previous close of ₹327.50, with a low of ₹335.10. The stock is currently trading at ₹338.00, with a market cap of ₹1,817.13 Crores.
Premier Explosives received export order:
Premier Explosives Limited has received an export order worth ₹18.90 crores for supplying Defence Explosives to an international client. The order is scheduled to be completed within five months, strengthening the company’s presence in the global defence market.
The order involves the supply of Defence Explosives under significant contractual terms. It is an international order with no involvement of promoter, promoter group, or related party transactions, ensuring transparency and adherence to SEBI regulations.
This development aligns with Premier Explosives’ strategic expansion plans in international markets. The company has officially disclosed the order under SEBI guidelines, confirming its commitment to timely and transparent communication with stakeholders and regulatory authorities.
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Recent news About Premier Explosives:
Premier Explosives recently secured a ₹55.81 crore order from the Ministry of Defence for the supply of solid propellants. This contract strengthens its position in defence manufacturing and highlights its growing role in supporting India’s indigenous defence capabilities.
Stock performance of Premier Explosives for Period of 1 week, 6 months and 1 year:
Premier Explosives stock delivered a positive return of 1.21% over the past week. However, it witnessed a significant decline of 38.6% over six months. Despite short-term fluctuations, the stock managed to achieve a notable annual return of 18.7% over one year.
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Shareholding pattern of Premier Explosives:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 41.33 | 41.33 | 41.33 |
| FII | 0.39 | 0.36 | 0.62 |
| DII | 8.2 | 8.37 | 9.44 |
| Retail & others | 50.08 | 49.93 | 48.59 |
About Premier Explosives:
Premier Explosives Ltd (NSE:PREMEXPLN) is a leading manufacturer of explosives and propellants for defence, space, mining, and infrastructure sectors. The company specializes in solid propellants, pyrogen igniters, and explosive bolts, serving both domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
