Shares of Premier Explosives Ltd plunged 5% on 31st July after touching a day’s high of Rs 457.95, despite the defence firm announcing that it had won an order worth Rs 22.36 crore from a global entity.

Premier Explosives announced it has received a purchase order from an international entity for the supply of rocket motors. The order is scheduled to be completed on or before 31st March, 2026.

The company’s shares have a beta of 0.9, reflecting very low volatility over the past year. Despite being a multibagger, the stock has declined by 33% over the past year but gained 118% over the past two years. On 31st July, around 0.17 lakh shares were traded on the BSE, resulting in a turnover of Rs 76.90 lakh. 

The firm’s market cap fell to Rs 2,375 crore.

At 12:18 PM, the shares of Premier Explosives were trading 2.58% lower at Rs 444.20 on NSE.

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