Small Cap Stock Bags Back To Back Orders From MoD, Shares Rally 20%

Premier Explosives Limited, Today, Jul 11, 2023, informed the stock exchanges that the company has received an order worth Rs 552.26 crore from the Ministry of Defence (MoD). The company has received the orders from Indian Air Force, MoD, for the supply of Chaffs and Flares. The order will be completed within 12 months from LOA.

Earlier, on Jul 06, 2023, the company received orders worth Rs 86.51 crore (including GST) from Air HQ, MoD and Bharat Dynamic Ltd. (A Govt. of India Enterprise - Ministry of Defence), Hyderabad. The order will be completed within 12 months from LOA.

On Jul 11, 2203, the company said, This is to inform you that we have received the following orders, the details of which are as under:

1	Name of the entity awarding the Order(s)/contract(s)	Ministry of Defence, Indian Air Force, New Delhi	Ministry of Defence, Indian Air Force, New Delhi
2	Significant terms and conditions of Order(s)/contract(s) awarded, in brief	Supply of Chaffs	Supply of Flares
3	Whether order(s)/contract(s) have been awarded by domestic/ international entity	Domestic Entity	Domestic Entity
4	Time period within which the order(s)/contract(s) is to be excuted	Within twelve (12) months	Within twelve (12) months
5	Size of the orders(s)/contract(s)	INR 292.11 Crores (Including GST)	INR 260.15 Crores (Including GST)
6	Whether promoter/promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)	No	No
7	Whether the order(s)/contract(s) would fell within related party transactions?	No	No

On Jul 06, 2023, the company said, This is to inform you that we have received the following orders, the details of which are as under:

1	Name of the entity awarding the Order(s)/contract(s)	Ministry of Defence, Air HQ (Vayu Bhawan), New Delhi	Bharat Dynamics Limited (A Govt. Of India Enterprise - Min. Of Defence), Hyderabad
2	Significant terms and conditions of Order(s)/contract(s) awarded, in brief	Supply of 50 MM MTV Flares	Supply of Booster Grains
3	Whether order(s)/contract(s) have been awarded by domestic/ international entity	Domestic Entity	Domestic Entity
4	Time period within which the order(s)/contract(s) is to be excuted	Within twelve (12) months	Within twelve (12) months
5	Size of the orders(s)/contract(s)	INR 76.78 Crores (Including GST)	INR 9.73 Crores (Including GST)
6	Whether promoter/promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)	No	No
7	Whether the order(s)/contract(s) would fell within related party transactions?	No	No

Stock Movement

On Tuesday, the stock of Premier Explosives Limited opened at Rs 499 apiece, hit the upper circuit. Currently, the stock is trading at Rs 588.75 apiece, up 19.99% from its previous close. The stock hit a new 52-week high at Rs 588.75 apiece, and a 52-week low at Rs 290.95 apiece.

The stock surged 36.28% in the past 1 week, while, in the past 2 weeks, it jumped 35.28%. It jumped 35% in the past 1 month and 42.85% in the past 3 months, respectively. It gave 93.38% positive return in the past 1 year. In the past 2 and 3 years, it gave 221.72% and in the past 3 years, it gave 335.47% positive returns, respectively. In the past 5 years, it gave 115.50% positive return.

About - Premier Explosives Limited

Premier Explosives Limited is an explosive industry company, engaged in the manufacturing of industrial explosives and detonators. The company is a prominent player in manufacturing solid propellants for India's prestigious missile programmes like Akash, Astra, and LRSAM. It is also the first private sector manufacturer in India to develop and supply solid propellants. It is a small-cap company having a market cap of Rs 633.04 Crore.