Shares of Premier Explosives Ltd. hit a record high on Tuesday after it won an order worth Rs 552 crore from the Ministry of Defence.
Premier Explosives has received a Rs 292.1-crore order for chaffs as well as for flares worth Rs 260.2 crore. The chaff and flares are to be delivered over the course of 12 months, according to an exchange filing.
Show more
ADVERTISEMENT
Shares of Premier Explosives surged 20% to hit the upper circuit and trade at Rs 590.55, against a 0.69% gain in the NSE Nifty 50 at 11 am.
The average traded volume so far in the day stood at 40.5 times its monthly average. The relative strength index was at 88.13, indicating the stock may be overbought.
WRITTEN BY
ADVERTISEMENT
RECOMMENDED FOR YOU
Premier Explosives Stock Jumps Nearly 10% As Company Bags Order Worth Rs 190 Crore
Aug 04, 2025
RVNL Wins Order Worth Rs 447 Crore From Delhi Metro
Jul 14, 2025
NCC Receives Orders Worth Rs 1,690 Crore In June
Jun 30, 2025
Texmaco Rail Shares Hit Nearly Five-Month High On Securing Order Worth Rs 535 Crore
Jun 26, 2025
POPULAR
1
Not Acceptable For India To Continue Financing Ukraine War By Purchasing Oil From Russia: Trump Aide
2
India's Tea Production Dips 9% In June
3
Stock Market Today: Nifty Reclaims 24,700, Sensex Gains Over 400 Points As Indices Rebound From Two-Day Slump
4
GST Evasion Of Rs 7.08 Lakh Crore Detected In 5 Years, Includes ITC Fraud Of Rs 1.79 Lakh Crore
5