Synopsis:

Shares of Premier Explosives Ltd surged 10 percent following the government’s policy changes and the company’s updated FY26 guidance.

A small-cap company specializing in the manufacture of explosives and detonators is under the spotlight today following government reforms in the production policy and company’s guidance related to revenue and margins.

With a market capitalization of Rs. 3,484.53 crore, the shares of Premier Explosives Limited closed at Rs. 648.15 per equity share, up by 7.03 percent from its previous day’s close price of Rs. 605.60. It has touched an intraday high of Rs. 668, making 10.30 percent from previous close price.

What’s the News?

The Defence Ministry has amended the Revenue Procurement Manual (RPM), removing the requirement for private companies

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