Premier Explosives Limited’s shares fell over 5% following a tragic fire accident at its pyrotechnic manufacturing facility in Peddakandukur village, Telangana, on January 4, 2025. The incident claimed one life, and another person was severely injured, currently receiving treatment in Hyderabad.
The fire caused extensive damage to the building and equipment, but the company confirmed that assets were fully insured. An investigation is underway to determine the cause of the fire, with the company cooperating fully with authorities.
Premier Explosives shares opened at ₹527.70, reaching a high of ₹530.15 and a low of ₹515.25 during the trading session. The stock has a 52-week high of ₹908.80 and a 52-week low of ₹253.40, indicating significant price fluctuations.
As of 9:27 AM, Premier Explosives shares were trading 5.64% lower at Rs 519.95.
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