Premier Explosives Ltd is looking very attractive at the CMP of Rs.30.5 after Indian Rupee Started to Depreciate. The company has two overseas subsidiaries in Georgia and Turkey and hence would be benefited immensely by the Rupee Depreciation.

Earlier Premier Explosives Ltd informed BSE that the Company formed a Joint Venture with M/s. VXL Technologies Ltd, Faridabad, called 'VTL Premier Pyrotechnics Ltd' for manufacture of pyrotechnic devices, fuzes etc., used for defence.
The Company was awarded "Defence Technology Absorption Award 2007" by Dr. Manmohan Singh, Honourable Prime Minister of India on May 12, 2008 which included a cash prize of Rs 10.00 lakhs.

Premier Explosives Ltd is showing continuous improvement in performance in the successive quarters, since a long time.The company recommended a dividend of 15% on the Equity Share Capital for the year ended March 31, 2008 on the amount paid up. The Company also came up with excellent set of numbers for the June, 2008 quarter when the Profit after tax (PAT) jumped to Rs.64.8 lakhs against a LOSS of Rs.76.3 lakhs in the Q1FY08.

Moreover, Premier Explosives Ltd is also setting up for backward integration, a Company by the name of "Premier Wire Products Ltd" with 60% equity as an ancillary Unit. The products manufactured by the Company will be used as raw materials in production of detonators. WITH SUCH MASSIVE DEVELOPMENTS TAKING PLACE IN ALL FRONTS DO U THINK

It is expected that the share price can see the Target of Rs. 100 - 150/- within a year....