Premier Explosives is trading bullish in the first half of Monday’s trade soaring over 11% at Rs 460.90 per share on BSE. The small cap stock witnessed a total traded quantity of Rs 0.45 lakh on BSE at 11:27 IST.
The company posted its Q4FY17 financials on Friday reporting revenue from operations of Rs 72.47 crore. Its operating profit stood at 13.9 crore.
On a yearly basis, the company’s revenue for FY17 stood at 230.72 crores as compared to Rs 184.99 crore in FY16. It's operating profit stood at Rs 28.40 crore for FY 17 as compared to Rs 17.61 crore in FY16 & PAT for FY17 stood at Rs 14.75 crore as compared to 5.68 crores in FY16.
The stock has traded on a fresh 52- week high of Rs 484 per share on BSE and Rs 483.90 per share on NSE.
As per market observers, the company has been maintaining a healthy dividend payout ratio of Rs 28.70%.
Stock view:
Premier Explosives Ltd is currently trading at Rs 462.8, up by Rs 46.3 or 11.12% from its previous closing of Rs 416.5 on the BSE.
The scrip opened at Rs 450.25 and has touched a high and low of Rs 484 and Rs 450.25 respectively. So far 149679(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 437.72 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 471.6 on 16-May-2017 and a 52 week low of Rs 304.5 on 23-Nov-2016. Last one week high and low of the scrip stood at Rs 428 and Rs 395.8 respectively.
The promoters holding in the company stood at 47.67 % while Institutions and Non-Institutions held 6.07 % and 46.26 % respectively.
The stock is currently trading above its 50 DMA.
Rallis India stock plunges 6% after PAT decline in Q3FY19.
ReplyDeleteCapitalstars