Premier Explosives

In proposed JV, Global Munition and Premier Explosives will hold equity in the ratio of 51 :49

The uptick in Premier Explosives share price came after the company announced that it has inked a memorandum of understanding (MoU) with Astra Microwave to develop and sell multiple products jointly.

Thus far in the calendar year 2024, the stock price of Premier Explosives has zoomed 181 per cent.

Premier Explosives hit a record high of Rs 4,158.55 in Wednesday's intraday trade, and has zoomed 95% from a level of Rs 2,134.70 touched on June 5, 2024

Shares of Premier Explosives hit a record high of Rs 2,396.60 as they rallied 15 per cent on the BSE in Monday's intraday trade after the company announced stock split in the ratio of 1:5

Shares of Premier Explosives were locked in 10 per cent upper circuit after the company's Q1FY24 profit jumped over six-fold to Rs 8.26 crore

PEL said it has won contracts worth Rs 292.11 crore from the Indian Air Force for supply of Chaffs, and orders amounting to Rs 260.15 crore for supply of Flares

The stock moved higher by 19% to Rs 280, surging 37% in past three days on the BSE, after the company said it obtained arms license for manufacture of propellants, ammonium perchlorate and HTPB

The stock rallied 10% to Rs 472 on BSE in intra-day trade.

The company has been supplying solid fuel castes to DRDO for Agni and other surface-to-air missile systems for the past 3 years