Premier Explosives shares locked at upper circuit on winning order worth Rs 89.20 crore

About this update from Premier Explosives Limited

Premier Explosives share price locked at upper circuit on November 6 after the company won an order worth Rs 89.20 crore from Singareni Collieries Company (SCCL).At 09:29am, Premier Explosives was quoting at Rs 477.15, up Rs 22.70, or 5.00 percent, on the BSE.There were pending buy orders of 21,885 shares, with no sellers available.The order is for supply of SME explosives, LDC explosives (Cap & Non Cap) and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and Electronic Detonators - Factory set) for use in OB blasting at different Opencast Projects of SCCL to be delivered over a period of 2 years.Catch all the market action on our live blogA meeting of the board of directors of the company is scheduled to be held on November 11, 2024, to consider and approve the unaudited financial results (Standalone and Consolidated) of the Company, for the quarter and half year ended 30th September, 2024.The share touched a 52-week high of Rs 909.35 and a 52-week low of Rs 236.00 on 21 June, 2024 and 07 November, 2023, respectively.Currently, the stock is trading 47.53 percent below its 52-week high and 102.18 percent above its 52-week low.The share price rose more than 95 percent in the last one-year.

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