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Multibagger stock: The defence stock, which closed at Rs 114.3 on July 17, 2020 hit an all-time high of Rs 972.90 today, delivering 751% returns during the period.
The stock opened higher at Rs 829.95. After trading near the previous close of Rs 808.35 for a majority of the session, the defence stock hit upper circuit in the final hour of trade after the earnings were announced.
Premier Explosives stock rose 6.24% intraday to Rs 467.10 against the previous close of Rs 439.65 on BSE.
Premier Explosives has received a Rs 43.26-crore order to supply PI & P2 motors to Bharat Dynamics for Medium Range Surface to Air Mission. The second order is from Larsen & Toubro
The board of directors of Premier Explosives Ltd has recommended a dividend of Rs.1.70/- i.e., 17% per equity share of Rs. 10/- each for the financial year ended March 31, 2023.