Meanwhile, the S&P BSE Sensex was up 62.08 points or 0.22% at 28,323.16.

On BSE, so far 42,000 shares were traded in the counter as against average daily volume of 32,072 shares in the past one quarter.

The stock hit a high of Rs 265 and a low of Rs 255.60 so far during the day. The stock had hit a record high of Rs 329.70 on 8 January 2015. The stock had hit a 52-week low of Rs 64.30 on 27 March 2014.

The stock had underperformed the market over the past one month till 20 March 2015, sliding 12.93% compared with the Sensex's 3.32% fall. The scrip had also underperformed the market in past one quarter, declining 5.34% as against Sensex's 3.25% rise.

The small-cap company has equity capital of Rs 8.86 crore. Face value per share is Rs 10.

Premier Explosives' net profit plunged 51.7% to Rs 1 crore on 10.4% growth in net sales to Rs 36.71 crore in Q3 December 2014 over Q3 December 2013.

Premier Explosives manufactures the entire range of explosives and accessories for the civil requirement.