1:5 Split, Rs 2.5 Dividend Soon: Multibagger Defence Stock Jumps 52.80% In 1-Week

Premier Explosives Ltd shares have been witnessing sharp rally. The small cap stock operating in defence sector surged massively by 52.80% in just last 1-week and delivered multibagger returns of 161% in last 3-months. Premier Explosives shares will trade ex-split on June 21st, 2024 as that is the record date fixed by the company. The firm also recommended a dividend of Rs 2.50 per equity share for the financial year ended March 31, 2024. The record date for dividend is yet to be declared. Premier Explosives has a market capitalisation of Rs 3,777.80 crore.

FII/FPI have decreased holdings from 0.32% to 0.27% in Mar 2024 qtr. Number of FII/FPI investors increased from 6 to 11 in Mar 2024 qtr. Mutual Funds have increased holdings from 8.65% to 9.29% in Mar 2024 qtr. Institutional Investors have increased holdings from 9.59% to 10.54% in Mar 2024 qtr. Hdfc Trustee Company Limited - Hdfc Infrastructure has 9.28% stake in Premier Explosives. Check more details below:

Premier Explosives To Trade Ex-Split On June 21: As per the regulatory filing of Premier Explosives issued as on May 30, "fixed Friday, 21st June, 2024 as the Record Date, to ascertain the name of the shareholders entitled for the sub-division/ split of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 5 (Five) Equity Shares of Rs. 2/- each fully paid up."

Premier Explosives Dividend: The May 30, 2024 regulatory filing of Premier Explosives stated, "declared a dividend of Rs 2.50/- per equity share of Rs 10/- each for the FY year ended March 31, 2024. It will subject to approval of members at the ensuing 44th Annual General Meeting (AGM) of the Company. The AGM date and book closure / record date for the purpose of payment of dividend will be informed in due course."

Premier Explosives Share Performance: The 52-week high price of Premier Explosives share on BSE is Rs 3,555.00 per share (as on 13/06/2024) and 52-week low price is Rs 420.00 per share (as on 16/06/2023), respectively. Premier Explosives shares offered whopping returns of 40% in last 2-weeks, soared 125% year-to-date, jumped 686% in last 1-year, gained 1049% in last 2-years, and offered eye-popping returns of 2331% in last 3-years. Premier Explosives shares have been hitting back-to-back 52-week high since June 10, 2024.

Premier Explosives Q4: The firm declared a surge of 180.08% in net profit for the quarter ended March 2024 to Rs 6.75 crore as compared to Rs 2.41 crore declared in the corresponding quarter of last year. Sales of Premier Explosives soared 65.88% to Rs 86.79 crore for the March 2024 quarter as compared to Rs 52.32 crore declared in similar quarter of last year. The company for the quarter ended March 31, 2024 declared revenue from operations at Rs 87.24 crore as compared to Rs 52.45 crore in the same quarter of last year. Profit before tax of the company the quarter under review announced at Rs 10.33 crore as compared to Rs 2.96 crore in the same quarter of last year. Total expenses for the March 2024 quarter declared at Rs 76.91 crore from Rs 49.48 crore in the same quarter of last year.

Premier Explosives Gave Nod To Fund Raising: As per the exchange filing, "raising of funds through issuance of instruments or security including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering, in one or more of the tranches for an aggregate amount not exceeding Rs. 400 crores (Rupees Four Hundred Crores) in terms of the SEBI ICDR Regulations and/or any other permissible mode(s), in accordance with the SEBI ICDR Regulations and other applicable regulations."

Disclaimer: The stock highlights the stock split, Q4, dividend, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.