Premier Explosives has surged 15% to Rs 475 on the BSE after the company announced that it has signed, a Memorandum of Understanding (MOU) with Israel Aerospace Industries Limited for exploring potential business opportunities.
At 10:54 a.m. the stock was up 14% at Rs 471 as compared to 0.02% fall in the S&P BSE Sensex. The trading volumes on the counter jumped over seven-fold with 189,000 shares changed hands against an average 26,000 shares that were traded daily in past two weeks on the BSE.
Premier Explosives (PEL) is one of the major companies in India manufacturing the entire range of commercial explosives and accessories for the civil requirement. Currently PEL is only Indian private entity designing, developing and manufacturing solid propellants for Indian missiles viz. Akash, Astra, etc.
At 10:54 a.m. the stock was up 14% at Rs 471 as compared to 0.02% fall in the S&P BSE Sensex. The trading volumes on the counter jumped over seven-fold with 189,000 shares changed hands against an average 26,000 shares that were traded daily in past two weeks on the BSE.
Premier Explosives (PEL) is one of the major companies in India manufacturing the entire range of commercial explosives and accessories for the civil requirement. Currently PEL is only Indian private entity designing, developing and manufacturing solid propellants for Indian missiles viz. Akash, Astra, etc.
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