Market Performance
The stock market today opened with strong interest in defence-related counters, and Premier Explosives share price stood out early on. The stock jumped over 4% in Thursday’s trade after the company revealed a fresh order win from the Ministry of Defence.
At its day’s peak, Premier Explosives rallied to ₹551.85 per share on the BSE, marking a 4.14% rise from the previous close.
Main News
The trigger for this move came after the company announced that it had bagged a new order worth ₹7.83 crore from the Ministry of Defence, Government of India. The order relates to the supply of Counter Measures.
In its regulatory filing dated September 10, Premier Explosives confirmed that the order must be executed and delivered within a 12-month timeline. This announcement immediately boosted investor sentiment around the stock, leading to the sharp upward movement in share price.
Company Details
Premier Explosives Limited is well-known in the defence manufacturing space. The company:
- Produces industrial explosives and detonators
- Provides operation and maintenance (O&M) services
With a history of serving strategic sectors, its latest order reinforces its role as a key supplier to India’s defence establishment.
Why This Matters?
The stock’s rise reflects how sensitive defence sector counters are to order announcements. Even a relatively moderate contract value, such as the ₹7.83 crore order, can spark investor optimism because it signals continuity in government engagement and long-term business visibility.
Summary
- Premier Explosives share price surged 4.14% to ₹551.85 apiece on BSE.
- The company received a ₹7.83 crore order from the Ministry of Defence.
- The order involves procurement of Counter Measures and is to be delivered in 12 months.
- Premier Explosives operates in explosives manufacturing and also provides O&M services.
The development underscores how defence-linked news continues to move stocks sharply in today’s market.
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