Some stocks in the stock market have given amazing returns to the investors. One such stock is related to defense sector. During the last one year, there has been a rise in the prices of shares of defense companies. Meanwhile, the prices of this share have also increased. These shares belong to Premier Explosives Company. On Friday, its shares closed at Rs 675.90 with 5 percent upper circuit.
On June 21, the shares of this company were traded as ex-split. Then the shares of the company were divided into 5 parts. After this stock split, the face value of the company’s shares reduced from Rs 10 to Rs 2 per share.
Money doubled in 6 months
On February 5, the shares of this company were at Rs 276, which has now reached Rs 675.90. That means in six months this company has given 144 percent return or about 2.5 times. Since January till now, this share has given a return of 116 percent. However, this stock has fallen 9 percent in the last one month. 52 week high of Premier Explosives is Rs 909.35 and 52 week low level is Rs 188.99.
Investors become rich in 5 years!
Shares of Premier Explosives have given strong returns to investors during the last five years. On August 2, 2019, its shares were trading at Rs 32, which are now around Rs 700 per share. It has given a return of 2000 percent during this period, which means that if someone had invested Rs 1 lakh during this period, his total investment would have now become Rs 21 lakh.
This company gives continuous dividend
This defense company has not given bonus shares even once. However, it has been continuously paying dividends. The company last paid a dividend of Rs 1.70 per share in Dividend 2023. In 2017, the company gave the maximum dividend of Rs 3 per share.
Premier Explosives is the first company in the country which manufactures explosive and detonating fuses with Made in India technology. It caters to defence, space, mining and infra sectors. It has 7 manufacturing facilities. Companies like Coal India, MOIL, BEL, ISRO, Bharat Dynamics are its clients.
(Note- Before investing in any share, please consult a market expert.)