24000% Return: Did You Miss Out on This Stock?

CONTENTS: 24000% Return: Did You Miss Out on This Stock?

Premier Explosives Ltd recently underwent a 5:1 stock split, significantly boosting its stock price by nearly 4% on the BSE in its latest trading session. Over the long term, the company has shown robust performance, delivering returns of over 700% in the last five years and rallying by more than 670% on the BSE over the past year.

This growth follows the company’s strategic decision to split its existing shares, dividing each Rs. 10 face value share into five Rs. 2 face value shares, pending shareholder approval through a Postal Ballot.

Premier Explosives Ltd has demonstrated remarkable growth since 2009, with a staggering return of nearly 24,000%. For instance, an investment of Rs. 5000 in 2009, when the stock traded around Rs. 3.72 per share, would have grown to approximately Rs. 12.30 lakh by June 21, 2024, when the stock reached Rs. 891 per share.

As of the latest trading session, the stock closed at Rs. 758.80 per share, marking a 2.47% increase from the previous close of Rs. 740.50. During the day, it ranged from a high of Rs. 766.00 to a low of Rs. 735.00 per share.

Over the past week, the stock has seen a gain of over 4%, although it has declined by 132.40% over the last two weeks. Looking at recent performance, the stock has shown impressive returns, increasing by 321.75% over the past month and by 443.82% over the last six months.

Premier Explosives continues to attract attention due to its significant price movements and strong historical returns.

Additionally, according to BSE data as of July 5, Premier Explosives has surged by 670.87% over the past year and achieved impressive returns of 699.32% over the last two years.