{"id":105321,"date":"2023-07-17T17:36:44","date_gmt":"2023-07-17T12:06:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105321"},"modified":"2023-07-17T17:36:46","modified_gmt":"2023-07-17T12:06:46","slug":"multibagger-defence-stock-jumps-102-in-14-days-have-you-invested-in-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-defence-stock-jumps-102-in-14-days-have-you-invested-in-it\/","title":{"rendered":"Multibagger Defence stock jumps 102% in 14 days; Have you invested in it?\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3698961053\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this Small-cap defence stock have proven to deliver multibagger returns within a period of two weeks. In the last five trading sessions itself, the scrip has zoomed 70 percent from Rs 511 to the current price level.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1513901594\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 940 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PREMEXPLN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Premier Explosives Limited<\/a><\/strong> closed today at Rs 869.15 gaining around 10 percent compared to the previous closing levels of Rs 792.75 apiece.\u00a0<\/p><p>The company\u2019s scrip has delivered multibagger returns of 102 percent within a period of just 2 weeks, i.e., from the 4th of July 2023. The same means that a 1 Lakh investment into the stock would have converted to Rs 2.02 Lakhs within the above-mentioned period.&nbsp;<\/p><p>As per the information available on the BSE, the company has received orders aggregating to a value of Rs 640 crores till now in the month of July 2023 with the counterparty including the Ministry of Defence with an order size of around 630 crores and Bharat Dynamics Limited (PSU) with an order size of approximately Rs 10 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2398332222\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Digging into the consolidated financials of the company, the operating revenues as well as after-tax profits have consistently increased in the past couple of financial years. The operating revenues marginally increased from Rs 199 crores during FY21-22 to Rs 202 crores in FY22-23, and, the net profit numbers rose from Rs 5 crores to Rs 6 crores keeping the timeframe the same.&nbsp;<\/p><p>Moreover, the basic profitability ratios such as the return on equity (RoE), as well as the return on capital employed (RoCE), have been on the rise with the former increasing from 2.79 percent during FY21-22 to 3.54 percent in FY22-23, and, the latter shifting from 6.84 percent to 8.53 percent&nbsp;<\/p><p>Premier Explosives Limited is involved in high-energy materials including commercial as well as defence explosives and the same are been used in the \u2018Infrastructure\u2019 and \u2018Mining\u2019 sectors. The company also manufactures missiles and other defence items. Having operations within and outside India, it derives a majority of its revenue from domestic operations within India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2500279239\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this Small-cap defence stock have proven to deliver multibagger returns within a period of two weeks. In the last five trading sessions itself, the scrip has zoomed 70 percent from Rs 511 to the current price level.&nbsp; With a market capitalization of Rs 940 crores, the stocks of Premier Explosives Limited closed today [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[5717,2838,2843,9816,9910,9815,948,936,9817,9909],"class_list":["post-105321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-multibagger-defence-stocks","tag-multibagger-stocks","tag-multibagger-stocks-india","tag-premier-explosives-latest-news","tag-premier-explosives-latest-orders","tag-premier-explosives-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-premier-explosives-going-up","tag-why-is-premier-explosives-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Defence stock jumps 102% in 14 days; Have you invested in it?\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Small-cap defence stock have proven to deliver multibagger returns within a period of two weeks. 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